What the US$1.8 Million Securiport–Alex Stewart Settlement Actually Resolved

Editorial note: This archive item reproduces or summarizes third-party material supplied to the newsroom. Allegations remain attributed to the speakers or outlets identified and should not be read as independent judicial findings by this publication.

A US Department of Justice announcement in October 2026 described a combined US$1,816,943 civil settlement involving Securiport and Alex Stewart International over eligibility statements made on Second Draw Paycheck Protection Program applications.

According to federal prosecutors, the companies allegedly qualified for loans by certifying that their combined workforce, including relevant affiliates, did not exceed 300 employees. The government contended that the certifications were inaccurate and that the loans subsequently received forgiveness.

Securiport and Alex Stewart said the disagreement centred on whether personnel engaged through an external provider should count as employees under the applicable eligibility rules. They characterised the resolution as a civil settlement without any admission or finding of wrongdoing.

The case arose through the whistleblower provisions of the False Claims Act, and the US Attorney’s Office said a relator would receive a share of the recovery. It did not announce a criminal prosecution in this settlement notice.

The distinction matters. A civil payment can resolve contested allegations without a court finding of liability. Describing this as a proven fraud conviction would go beyond both the Justice Department release and the companies’ statement.