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<title>Murotech Ohio agrees to $3 million settlement over PPP loan allegations</title>
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<description>Murotech Ohio agrees to $3 million settlement over PPP loan allegations A St. Marys automotive parts manufacturer has agreed to pay more than $3 million to resolve federal allegations involving Paycheck Protection Program loans and loan forgiveness. The U.S. Attorney&#x26;#x2019;s Office for the Northern District of Ohio said Murotech Ohio Corporation agreed to pay $3,039,615. More than $1 million of the settlement will be restitution to the federal government. Prosecutors alleged Murotech provided inaccurate employee totals when applying for two PPP loans. The company&#x26;#x2019;s first application, submitted in May 2020, certified that it had fewer than 500 employees. A second...</description>
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<pubDate>Tue, 27 Oct 2026 11:34:17 GMT</pubDate>
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