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U.S. Attorney Jeanine Pirro's office

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“allows the government to establish liability based on reckless disregard and permits the government to recover more than its actual losses,”

U.S. Attorney Jeanine Pirro's office · said date not stated · reported 2026-11-03

Pirro's office noted that the False Claims Act, which the Strand was alleged to have violated, allows the government to recover more than its actual losses.

verbatim, matched to source CNBC
“included a prohibition against businesses obtaining second draw PPP funds if a member of Congress or their spouse directly or indirectly held a controlling interest in the PPP loan applicant,”

U.S. Attorney Jeanine Pirro's office · said date not stated · reported 2026-11-03

Pirro's office described the prohibition Congress included in December 2020 legislation barring businesses owned by members of Congress or their spouses from receiving second-draw PPP funds.

verbatim, matched to source CNBC
“Ms. Wyden's certification was knowingly and materially false and Strand was not eligible for the second draw loan it received,”

U.S. Attorney Jeanine Pirro's office · said date not stated · reported 2026-11-03

Pirro's office alleged that Wyden's certification on the loan application was knowingly false and the Strand was ineligible for the second draw loan.

verbatim, matched to source CNBC
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