Article Highlights
Fare-system vendor Vix Technology agrees to pay $2.1 million to settle a Covid loan fraud case in the U.S. Also, the chief of the company’s U.S. subsidiary, who joined Vix two years after the alleged incident, quits unexpectedly. And morale appears to be low among some Vix employees.
• Document: Whistleblower lawsuit, June 2024
• Chart: Vix Covid loan and lawsuit timeline
• Table: Vix Technology Group’s financial figures
• Document: Vix Technology Group annual report
• Vix Technology
• ICM Mobility
• Kuba
• ETS (Edmonton)
• DART (Dallas)
• Valley Metro (Phoenix)
• STIB (Brussels)
• TfGM (Manchester)
• Littlepay
Vix Technology Group recently agreed to pay $2.1 million to settle a fraud case alleging Vix made false claims on its application for a low-interest Covid relief loan. Vix CEO Aaron Ross insisted to Mobility Payments that the damages will have “no impact” on the company’s “current operations or financial position.”
The settlement stems from a lawsuit filed last June by a whistleblower, which stood to gain a share of the damages, alleging that Vix had violated the U.S. False Claims Act when it applied for its second government-backed Covid Paycheck Protection Program (PPP) loan in 2021.
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