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’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’s first application, submitted in May 2020, certified that it had fewer than 500 employees. A second...