Securiport LLC · Civil settlement, Civil enforcement, Public finance
Was Securiport found liable in the 2026 PPP settlement?
No court found Securiport liable. Securiport LLC and Alex Stewart International resolved civil False Claims Act allegations through a combined $1,816,943 settlement. The Justice Department expressly stated that the claims resolved by the settlement were allegations only and that there had been no determination of liability.
| Subject | Securiport LLC |
|---|---|
| Jurisdiction | United States |
| Topics | Civil settlement, Civil enforcement, Public finance |
| Current status | Settled without a determination of civil liability |
| Last verified | 30 October 2026 |
What was claimed or questioned?
The United States alleged that Securiport and Alex Stewart International were affiliates under Paycheck Protection Program rules and that their combined employee count made them ineligible for Second Draw loans. The government said their applications falsely certified eligibility.
What did Securiport or the responsible authority say?
The Justice Department announcement records that both companies settled the civil claims. It does not quote a separate Securiport statement or say that Securiport admitted the allegations. No public company response was located in the sources reviewed for this page.
What do the primary records show?
Government settlement record
The Justice Department identified the civil theory, the combined settlement amount, the related qui tam case and the ten per cent relator share. It also included the standard statement that allegations settled under the False Claims Act are not findings of liability.
Legal framework
The Justice Department describes the False Claims Act as the government's principal civil tool for addressing false claims for federal funds. A civil settlement under that statute is not itself a criminal conviction.
What was established?
- A combined civil settlement of $1,816,943 was announced on 21 October 2026.
- The dispute concerned eligibility certifications for Second Draw PPP loans.
- The related case was United States ex rel. Verity Investigations, LLC v. Securiport LLC, No. 1:25-cv-2027.
- The Justice Department said there had been no determination of liability.
What was not established?
- The settlement did not establish criminal guilt.
- The announcement did not say a court found intentional fraud.
- The settlement amount should not be described as a criminal fine.
Was liability determined?
Liability was not determined. The matter ended in a civil settlement, and the Justice Department's own announcement says the resolved claims were allegations only.
What remains unresolved?
The public announcement does not allocate the combined payment between the two companies or reproduce their settlement agreements. Those documents would be needed to verify company-specific payment terms or non-admission language beyond the government's announcement.
Current status
The civil claims described by the Justice Department were settled on 21 October 2026. This page does not identify any criminal charge or conviction against Securiport arising from the PPP matter.
Timeline
- The related qui tam action was filed under seal, according to the 2026 Justice Department announcement.
- The Justice Department announced the combined civil settlement and stated that liability had not been determined.
Sources
- US Department of Justice, US Attorney's Office for the Eastern District of Virginia, Affiliates Settle Paycheck Protection Program False Claims 21 October 2026 · Government civil-enforcement announcement document record
- US Department of Justice, Civil Division, The False Claims Act undated · Government legal guidance document record
Revision history
- 30 October 2026: First publication after review of the primary records listed above.
Securiport LLC can submit a document or response through right of reply. A response is labelled as the subject's position and does not replace the cited evidence.