EMPLOYEE AGREES TO FORBEARANCE AND WORKOUT AGREEMENT RELATED TO THE FRAUDULENT RECEIPT OF AN ECONOMIC INJURY DISASTER LOANForbearance and Workout Agreement • August 8th, 2024
An Amtrak lead service attendant based in Miami, Florida, entered into a forbearance and workout agreement on May 22, 2024, with the Small Business Administration (SBA) and agreed to a payment schedule to satisfy his settlement and restitution amounts. The employee agreed to pay a total of $124,631 including fines, fees, and interest. The employee applied for and received an SBA‐backed Economic Injury Disaster Loan (EIDL) for economic losses resulting from the pandemic related to self‐employment or businesses he allegedly owned. Our investigation found that the employee submitted an application to the SBA that included false statements and information to qualify for the EIDL loan. As a result, the employee received an EIDL loan in the amount of
Exhibit 10.12 CITIZENS BANK NEW HAMPSHIRE AMERICAN ELECTROMEDICS CORP. FORBEARANCE AND WORKOUT AGREEMENT --------------------------------- This Agreement made this 28th of October, 1997 by and between American Electromedics Corp., a Delaware...Forbearance and Workout Agreement • November 14th, 1997 • American Electromedics Corp • Electromedical & electrotherapeutic apparatus • New Hampshire
