Last Updated
Case Status
Pending
Federal Trade Commission, Plaintiff, v. Ponte Investments, LLC, a Rhode Island limited liability company, also doing business as SBA Loan Program and doing business as SBA Loan Program.com; and John C. Ponte, individually and as an officer of Ponte Investments, LLC; Defendants.
FTC Matter/File Number
202 3115
X200042
Civil Action Number
1:20-cv-00177
Enforcement Type
Federal Injunctions
Federal Court
District of Rhode Island
Case Summary
A Rhode Island company and its owner will be permanently prohibited from misrepresenting they are affiliated with the U.S. Small Business Administration (SBA) as part of a settlement resolving Federal Trade Commission charges they misled consumers in the early days of the coronavirus pandemic. Ponte Investments, LLC, and its owner John C. Ponte were charged by the FTC in April 2020 with misleading small businesses to think they had an affiliation with the SBA and could offer companies access to the coronavirus relief programs administered by the agency.