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RelyOn Nutec Agrees to Pay $2.3 Million to Settle PPP Loan Fraud Claims

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Case Summary

RelyOn Nutec USA LLC has agreed to pay $2,389,213 to resolve allegations that it fraudulently obtained a Paycheck Protection Program (PPP) loan for which it was ineligible. The company, headquartered in Houma, La., allegedly submitted false information to secure the loan. The settlement resolves allegations of PPP loan fraud.

Latest development

RelyOn Nutec Agrees to Pay $2.3 Million to Resolve Allegations of PPP Loan Fraud

Media Coverage · April 23, 2026

RelyOn Nutec USA LLC agreed to pay $2.3 million to settle allegations that it obtained a Paycheck Protection Program loan through fraudulent means. The company, based in Louisiana, was ineligible for the loan. This settlement resolves the allegations.

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Key Issues

  • PPP loan fraud
  • false information
  • settlement
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Docket Snapshot

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Bankruptcy

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Latest Filing

RelyOn Nutec Agrees to Pay $2.3 Million to Resolve Allegations of PPP Loan Fraud

Media Coverage · Apr 23, 2026

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Coverage

1 article

1 source tracked

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Participants

1 Related Organization

1 linked entity

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What the record shows

The court metadata has not been resolved yet, so Juryvine is keeping the page conservative until a reliable court match lands.

The newest docket activity we have is a media coverage dated April 23, 2026.

The visible party/entity graph currently includes RelyOn Nutec USA LLC.

Press monitoring has found 1 related article from 1 distinct source.

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The Story So Far

Updated 4 days, 22 hours ago

RelyOn Nutec Agrees to Pay $2.3 Million to Resolve Allegations of PPP Loan Fraud is an active bankruptcy matter.

Named participants include RelyOn Nutec USA LLC. The case is currently organized around PPP loan fraud, false information, settlement.

RelyOn Nutec USA LLC has agreed to pay $2,389,213 to resolve allegations that it fraudulently obtained a Paycheck Protection Program (PPP) loan for which it was ineligible. The company, headquartered in Houma, La., allegedly submitted false information to secure the loan. The settlement resolves allegations of PPP loan fraud.

On April 23, 2026, the docket recorded a media coverage: RelyOn Nutec USA LLC agreed to pay $2.3 million to settle allegations that it obtained a Paycheck Protection Program loan through fraudulent means. The company, based in Louisiana, was ineligible for the loan. This settlement resolves the allegations.

The next thing to watch is whether the latest media coverage produces a substantive order, a scheduling change, a settlement signal, or a filing that clarifies the parties' positions.

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Case Timeline

1 event
newspaper
Media Coverage April 23, 2026

RelyOn Nutec Agrees to Pay $2.3 Million to Resolve Allegations of PPP Loan Fraud

RelyOn Nutec USA LLC agreed to pay $2.3 million to settle allegations that it obtained a Paycheck Protection Program loan through fraudulent means. The company, based in Louisiana, was ineligible for the loan. This settlement resolves the allegations.

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Press Coverage

1 article
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Sources tracked

1 outlet · 1 article

Timeline events

1 record on file

Last updated

2 days, 12 hours ago

Juryvine aggregates docket entries from PACER/CourtListener, press coverage, and GDELT signals. Ingestion timestamps do not appear in the What Changed feed — that reflects real court activity only.