The owner of four Californian agricultural companies has agreed to settle allegations that he and his companies violated the False Claims Act, with the settlement amount totalling around $600,000.
California Agricultural Companies Reaches Settlement on PPP Loan Fraud Allegations
The companies include Mendota Land Co., Sweetwood Farm Co. LLC, Sweetwood Farm Inc., and Seasholtz Co. LLC, collectively owned by John Seasholtz. The allegations against Mr Seasholtz are also related to the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA), with the accused allegedly knowingly submitting false information in support of Paycheck Protection Program (PPP) loan applications.
