{"id":414266,"date":"2026-07-27T20:09:20","date_gmt":"2026-07-27T20:09:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/414266\/"},"modified":"2026-07-27T20:09:20","modified_gmt":"2026-07-27T20:09:20","slug":"san-francisco-companies-agree-to-pay-fines-for-pandemic-era-paycheck-violations","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/414266\/","title":{"rendered":"San Francisco companies agree to pay fines for pandemic era paycheck violations"},"content":{"rendered":"<p>A software company and a robotics business, both headquartered in San Francisco, have agreed to pay a total of nearly $7 million to settle allegations they violated the rules of federal Paycheck Protection Program loans.<\/p>\n<p><a href=\"https:\/\/www.justice.gov\/usao-ndca\/pr\/multinational-software-company-agrees-pay-over-three-million-dollars-resolve-false\" class=\"Link\" target=\"_blank\" rel=\"nofollow noopener\">The U.S. Attorney\u2019s Office for Northern California <\/a>said the companies are IGEL Technology Corp., a multinational software company, and SoftBank Robotics America, Inc., a unit of the Japanese multinational investment holding company SoftBank Group Corp.<\/p>\n<p>IGEL will pay more than $3 million and SoftBank Robotics America will pay more than $3.5 million more to settle allegations they knowingly violated the False Claims Act when they received and retained PPP loans.<\/p>\n<p>The loans were created in March 2020 to provide emergency financial support during the COVID-19 pandemic. Forgivable loans were intended for small businesses struggling to pay employees and other business expenses.<\/p>\n<p>Both companies sought and received forgiveness for the loans when, in reality, the companies exceeded the size standards when including affiliated entities, plus their multinational parent companies.<\/p>\n","protected":false},"excerpt":{"rendered":"A software company and a robotics business, both headquartered in San Francisco, have agreed to pay a total&hellip;\n","protected":false},"author":2,"featured_media":414267,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[101,103,102,104,106,105],"class_list":["post-414266","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-francisco","tag-san-francisco","tag-san-francisco-headlines","tag-san-francisco-news","tag-sf","tag-sf-headlines","tag-sf-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/414266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=414266"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/414266\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/414267"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=414266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=414266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=414266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}