Press Release

Lafayette RE Management, LLC and Owner-CEO Pay $680,000 to Resolve First-of-its-Kind PPP Fraud False Claims Act Case

December 19, 2024

The United States Department of Justice announced that it had reached a settlement with Lafayette RE Management, LLC, and Thibault Adrien, a French national who is CEO and majority owner of Lafayette, for $680,000 to resolve a qui tam whistleblower lawsuit filed by Jesus Nunez-Unda — a former executive of Lafayette, alleging that they violated the False Claims Act.

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