San Francisco software company IGEL Technology Corp. has settled Paycheck Protection Program loan fraud allegations for $3.1 million, while claims of a broader $6.8 million settlement involving SoftBank Robotics America remain unconfirmed by official sources.

San Francisco-based software provider IGEL Technology Corp. has agreed to pay $3,168,901.75 to resolve False Claims Act allegations related to an improperly obtained Paycheck Protection Program (PPP) loan, according to a July 26, 2026, announcement from the U.S. Attorney’s Office for the Northern District of California.

The U.S. alleged that IGEL, a multinational software company with North American headquarters in San Francisco, falsely certified its eligibility for a PPP loan. Specifically, the company claimed only 105 employees when, by including affiliated entities both domestic and foreign, it exceeded the employee size standards for the loan program.

While an initial lead suggested a joint $6.8 million settlement involving IGEL and SoftBank Robotics America, Inc., official press releases from the U.S. Attorney’s Office for the Northern District of California only confirm the standalone settlement by IGEL Technology Corp. at the stated $3.16 million figure. There is no mention of SoftBank Robotics America or a larger combined settlement in these official documents.

“The PPP program was designed to provide a lifeline to small businesses during the pandemic, and we will continue to hold accountable those who abused the program for their own gain,” said U.S. Attorney Stephanie M. Hinds in the announcement. The settlement resolves the claims without a determination of liability.

As of this reporting, no official U.S. Attorney's Office press release or public record has been found that explicitly names SoftBank Robotics America, Inc. as a settling party for PPP loan cases in conjunction with IGEL, or for a combined $6.8 million amount.