Continental Aerospace Technologies Inc. has agreed to pay $11,772,680.14 to resolve allegations that it violated the False Claims Act by submitting false claims to obtain a Paycheck Protection Program (PPP) loan for which it was not eligible. “This matter is just one of many cases in which our office continues to hold corporations, particularly those owned by a foreign government, accountable when they submit false claims to obtain American taxpayer money.” “It also reflects the effectiveness of our collaborative False Claims Act investigations in holding companies and individuals accountable for fraudulent conduct and returning unlawfully obtained taxpayer funds to the United States, together with significant financial penalties.” “The SBA is committed to rooting out every dollar of PPP fraud,” said SBA General Counsel Wendell Davis. The United States also contends that Continental was not eligible because it was ultimately owned by a government entity in violation of SBA rules.