Ex-Queen Mary Operators Ordered by Judge to Pay Daily $250 Fine in Alleged PPP Loan Fraud - News Summed Up

Ex-Queen Mary Operators Ordered by Judge to Pay Daily $250 Fine in Alleged PPP Loan Fraud


The Queen Mary is berthed between in the Port of Long Beach in Long Beach, Calif., on July 11, 2020. (Luis Sinco/Los Angeles Times/TNS)Ex-Queen Mary Operators Ordered by Judge to Pay Daily $250 Fine in Alleged PPP Loan FraudBy Nathan SolisFrom Los Angeles TimesLOS ANGELES—A federal bankruptcy judge issued a $250-a-day fine to former operators of the Queen Mary who are accused of stealing $2.4 million from a COVID-19 relief loan meant to pay their employees during the pandemic. Beginning in 2016, Urban Commons held a 66-year lease to operate the Queen Mary and develop the surrounding land. The Queen Mary is in poor shape. On Tuesday, in a 13-page sanctions order, Sontchi ordered the men to pay $250 a day starting Jan. 1.


Source: Los Angeles Times December 17, 2021 08:14 UTC



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