PPP and other loan fraud

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BigThirdEye is just cacaplop trying to swamp these forums with repetitive, stupid questions, either via his own threads or crashing other threads.

But, as always, take a look at his posting history and judge for yourself.

If engaging with his inane posts is fun for you, then go for it.

Otherwise, don't think you're answering sincere questions.

~ Call.Me.Ishmael
~ April 29, 2022

“In this world, shipmates, sin that pays its way can travel freely, and without a passport; whereas Virtue, if a pauper, is stopped at all frontiers."

~Father Mapple via Herman Melville's "Moby Dick”.

Competently managed and with a bare minimum of due diligence, PPP could have been brilliant. But with bureaucracy on one side and grifters on the other, no such luck.

This is why the government needs to be significantly shrank – it’s very easy to give away other people’s $$$

I heard that there are some cities in CA that are still implementing a rent-moratorium (or at least until recently; 2+ years after the pandemic) – I heard of one case this guy was renting an upscale house in SoCal and had racked-up close to $100K in back-rent – there was nothing the landlord could do - I guess the local progressive government saw the renter “as the victim” vs the landlord getting shafted for almost 2-years of non-payment – the renter that refused to pay (and couldn’t get evicted) was constantly taking trips to Europe and other popular vacation-spots.

@Papi_Chulo

Did you heard about these:

“Over 25 PPP loans worth more than $3.65 million were given to businesses with addresses at Trump and Kushner real estate properties, paying rent to those owners. Fifteen of the businesses self-reported that they only kept one job, zero jobs or did not report a number at all.

The loans to businesses located at Trump and Kushner properties included a $2,164,543 loan to the Triomphe Restaurant Corp., at the Trump International Hotel & Tower in New York City. The company reported the money didn’t go to keeping any jobs. It later closed.

A company called LB City Inc, which is located at Kushner’s Bungalow Hotel in Long Branch, New Jersey, received a loan for $505,552.50 that it used to keep 155 jobs.

Two tenants at 725 5th Avenue, Trump Tower, received more than $100,000 and kept only three jobs.

Four tenants at the Kushner-owned 666 5th Avenue combined received more than $204,000, and retained only six jobs.”

It’s amazing that a thread about PPP scams can include a dig at democrats. The trump admin demanded all checks for PPP loans be removed before approving the program. The republican trump admin stole billions and handed them to wealthy business owners.

I heard they are actually investigating fraud with the PUA and grant programs though?
PPP is a little different because the rules of the program allowed abuse.
Some people claimed to have employees, or exaggerated the number of employees.