Kabbage Inks 2 FCA Deals With Feds Totaling $120M

By Henrik Nilsson (May 13, 2024, 10:56 PM EDT) -- Bankrupt online lender Kabbage Inc. has agreed to pay $120 million in two separate deals to resolve allegations it submitted thousands of false claims for loan forgiveness and operated without adequate fraud controls in place, the U.S. Department of Justice announced Monday....

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