Famous New York bookstore agrees to $1.48 million pandemic-loan settlement
Famous New York bookstore agrees to $1.48 million pandemic-loan settlement
Famous New York bookstore agrees to $1.48 million pandemic-loan settlement
Key points
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- New York's Strand bookstore has agreed to pay $1,482,560 to settle claims over a $932,350 pandemic relief loan it received in 2021.
- Federal prosecutors said the store was not eligible for a second-draw loan because its controlling owner at the time, Nancy Bass Wyden, is married to Senator Ron Wyden, and the loan form wrongly certified that no spouse of a member of Congress held a controlling interest.
- The store said the mistake was unintentional, and the settlement makes no finding of liability.
- New York's Strand bookstore has agreed to pay $1,482,560 to settle claims over a $932,350 pandemic relief loan it received in 2021.
- Federal prosecutors said the store was not eligible for a second-draw loan because its controlling owner at the time, Nancy Bass Wyden, is married to Senator Ron Wyden, and the loan form wrongly certified that no spouse of a member of Congress held a controlling interest.
- The store said the mistake was unintentional, and the settlement makes no finding of liability.
- New York's Strand bookstore has agreed to pay $1,482,560 to settle claims over a $932,350 pandemic relief loan it received in 2021.
- Federal prosecutors said the store was not eligible for a second-draw loan because its controlling owner at the time, Nancy Bass Wyden, is married to Senator Ron Wyden, and the loan form wrongly certified that no spouse of a member of Congress held a controlling interest.
- The store said the mistake was unintentional, and the settlement makes no finding of liability.
New York's Strand bookstore has agreed to pay $1,482,560 to settle claims over a $932,350 pandemic relief loan it received in 2021. Federal prosecutors said the store was not eligible for a second-draw loan because its controlling owner at the time, Nancy Bass Wyden, is married to Senator Ron Wyden, and the loan form wrongly certified that no spouse of a member of Congress held a controlling interest. The store said the mistake was unintentional, and the settlement makes no finding of liability.
New York's Strand bookstore has agreed to pay $1,482,560 to settle claims over a $932,350 pandemic relief loan it received in 2021. Federal prosecutors said the store was not eligible for a second-draw loan because its controlling owner at the time, Nancy Bass Wyden, is married to Senator Ron Wyden, and the loan form wrongly certified that no spouse of a member of Congress held a controlling interest. The store said the mistake was unintentional, and the settlement makes no finding of liability.
New York's Strand bookstore has agreed to pay $1,482,560 to settle claims over a $932,350 pandemic relief loan it received in 2021. Federal prosecutors said the store was not eligible for a second-draw loan because its controlling owner at the time, Nancy Bass Wyden, is married to Senator Ron Wyden, and the loan form wrongly certified that no spouse of a member of Congress held a controlling interest. The store said the mistake was unintentional, and the settlement makes no finding of liability.
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