Owner of the Strand Bookstore
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Last updated Nov 4, 2026
Agreed to a $1.48 million civil settlement with no determination of liability
The Strand, the Union Square bookstore known for "18 miles of books," agreed to pay $1,482,560 to settle claims that it wrongly received a $932,350 pandemic loan. The loan came in February 2021 from the Paycheck Protection Program (PPP), which Congress had barred for businesses controlled by a member of Congress or their spouse.
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