Bookstore owned by Senator Wyden’s wife to pay nearly $1.5 million in settlement – KPTV
PORTLAND Ore. (KPTV) – A bookstore owned by Senator Ron Wyden’s wife has agreed to pay nearly $1.5 million for receiving a PPP loan while ineligible, according to the U.S. Department of Justice.
The DOJ says Strand Book Store in New York City violated the False Claims Act by improperly applying for and receiving a loan under the Paycheck Protection Program (PPP), for which it was not eligible.
The bookstore, owned by Senator Wyden’s wife Nancy Bass Wyden, applied for a $932,350 PPP loan in February 2021.
Federal law bars businesses controlled by a member of Congress or their spouse from receiving those loans.
FOX 12 reached out to Senator Wyden’s office who referred us to the bookstore, saying that Wyden and his wife “Do not discuss her business and he had no involvement in the loan or settlement.”
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This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
The DOJ says Strand Book Store in New York City violated the False Claims Act by improperly applying for and receiving a loan under the Paycheck Protection Program (PPP), for which it was not eligible.
The bookstore, owned by Senator Wyden’s wife Nancy Bass Wyden, applied for a $932,350 PPP loan in February 2021.
Federal law bars businesses controlled by a member of Congress or their spouse from receiving those loans.
FOX 12 reached out to Senator Wyden’s office who referred us to the bookstore, saying that Wyden and his wife “Do not discuss her business and he had no involvement in the loan or settlement.”
Copyright 2026 KPTV-KPDX. All rights reserved.
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
