NYC Bookshop to Pay $1.5M

The Strand bookstore in New York City agreed to pay $1,482,560 to settle Justice Department allegations that it improperly obtained a $932,350 second-draw PPP loan in 2021. Federal law barred businesses controlled by a member of Congress or their spouse from receiving such loans; the DOJ said Nancy Bass Wyden, wife of Sen. Ron Wyden, controlled the bookstore and submitted a knowingly false certification. Bass Wyden said the violation was unintentional, blamed rapidly changing rules, and said the funds were returned once the issue was discovered.

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