Strand bookstore to pay nearly $1.5 million over Covid loan tied to Sen. Wyden’s wife
Summary
The iconic New York City bookstore known as Strand has agreed to pay a substantial financial penalty to resolve issues surrounding a pandemic relief loan. The coronavirus assistance funds were deemed improper because the business is connected to a United States senator's spouse, who authorized the paperwork.
Nancy Bass Wyden, whose grandfather founded the New York City bookstore, had signed off on the PPP, which was off-limits because she is a senator's wife.
Source: Read the full story at US Top News and Analysis
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