Stand Book Store fined for applying and receiving improper COVID-19 funds
The owner of Strand Book Store have agreed to pay nearly $1.5 million.
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The owner of an iconic New York bookstore was forced to pay a fee for improper receipt of COVID-19 pandemic relief funds, the Department of Justice said Tuesday.
The owner of Strand Book Store have agreed to pay nearly $1.5 million.
Officials say the business violated the False Claims Act by improperly applying for and receiving a second draw loan under the Paycheck Protection Program. The loan was for $932,350.
The business was not eligible to receive the funding because owner Nancy Bass Wyden is the wife of Sen. Ron Wyden (D-OR).
Federal law bars any businesses controlled by a member of Congress or their spouse from receiving those loans.
Bass says she was unaware of the restriction and has paid the money back.
