Securiport and Alex Stewart International settle PPP False Claims Act allegations

On October 21, 2026, the U.S. Attorney’s Office for the Eastern District of Virginia said Securiport Limited Liability Company and Alex Stewart International, LLC agreed to pay a combined $1,816,943 to settle civil False Claims Act allegations tied to their applications for Second Draw Paycheck Protection Program loans. ¹ Source 1

The United States alleged that the companies received Second Draw PPP loans, later forgiven, after falsely stating that they, together with affiliates, had no more than 300 employees, an eligibility requirement specific to Second Draw loans. ¹ Source 1

The release says the settlement began with a whistleblower lawsuit, United States ex rel. Verity Investigations, LLC v. Securiport Limited Liability Company, No. 1:25-cv-2027, and that the whistleblower received 10% of the government’s recovery. It states that the civil claims settled are allegations only and that there has been no determination of civil liability. ¹ Source 1