Prosecutors Struggle to Catch Up to a Tidal Wave of Pandemic Fraud

By artappraiser on Sat, 08/20/2022 - 3:04pm |

AND for Rich and Famous get their PPP loans forgiven SEE FIRST COMMENT on thread.

NEW: Federal investigators are still struggling to catch up with the 1,000s of people who stole from easy-to-defraud pandemic programs like PPP.
One group of agents has 39,000 cases open. Another has 50 investigators — and 2 million leads to chase.https://t.co/YEqZ2ec8Qx
— David Fahrenthold (@Fahrenthold) August 16, 2022

URL:

https://www.nytimes.com/2022/08/16/business/economy/covid-pandemic-fraud.html?referringSource=articleShare

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I think the gov should go after peeps that took PPP loans that didn't deserve them and collect every fucking dime like they would if you or me owed taxes, pardon the DailyMail reference but I'm no less a twat as you pic.twitter.com/wOjc1S2m45
— James Jude (@Jimmyjude13) August 17, 2022

The ultrawealthy had their Payment Protection Program loans forgiven. Was it a feature or a bug? https://t.co/16X5HKDkTN
— MarketWatch (@MarketWatch) August 20, 2022

Multiple celebs including Kanye West, Diddy, Jay-Z & Tom Brady granted loan forgiveness after receiving millions in PPP loans pic.twitter.com/CW5OkaBXAn
— SAY CHEESE! (@SaycheeseDGTL) August 19, 2022

How Y’all Feel About Celebs Getting Their PPPLoans Forgiven #Celebrities #KanyeWest #JayZ #KimKardashian #Philly #viral #nyc #newjersey #phillyforyou #onlyinphilly pic.twitter.com/4fI6miRYbL
— ThePhillyShadeRoom (@ThePhillyRoom) August 20, 2022

Thanks @RichMcHugh for including me in this interview on the celebrities that saw millions of small business PPP loans forgiven. Watch https://t.co/bNABazKNwN pic.twitter.com/ucIFC3noj5
— Carol Roth (@caroljsroth) August 19, 2022

Congressman Ted Budd’s family happily received $10 million in PPP loans while small businesses waited weeks to receive pandemic relief, and Budd voted against COVID relief for North Carolinians. pic.twitter.com/BtinkNpvSf
— Cheri Beasley (@CheriBeasleyNC) August 11, 2022

by artappraiser on Sat, 08/20/2022 - 3:10pm

p.s. here's an actual link to the Daily Mail article

EXCLUSIVE: It pays to be rich! America's wealthiest, including Tom Brady, Khloe Kardashian, Reese Witherspoon, Kanye and Nancy Pelosi's husband took millions in PPP loans – and nearly all have been forgiven

Celebrities including Kanye West, Jay-Z and Khloe Kardashian received millions in government PPP (Payment Protection Program) loans, set up for desperate businesses hit by the Covid pandemic

DailyMail.com can now reveal the exact amounts that these millionaires took out via the government program

Kanye West's Yeezy LLC borrowed $2,363,585, with $1,772,689 being spent on payroll for 106 staff

Khloe Kardashian's denim brand Good American LLC had a loan of $1,245,405 approved on April 14, 2020, mostly for the payroll of 57 workers. The full amount, plus interest, was forgiven

In most cases, the loans have been 'forgiven' so the full amount, including interest, will not have to be repaid, despite the owners' wealth

By CHRIS WHITE FOR DAILYMAIL.COM

PUBLISHED: 09:29 EDT, 17 August 2022 | UPDATED: 11:40 EDT, 17 August 2022 [....]

by artappraiser on Sat, 08/20/2022 - 3:22pm

The Paycheck Protection Program was part of the CARES Act.

There's a ton of citations on the linked Wikipedia page about the problems with the program.The 2020 CARES Act was passed by Congress on March 25, 2020 and signed into law on March 27, 2020 according to the US Treasury site. According to wikipedia on the CARES Act. As a result of bipartisan negotiations, the bill grew to $2 trillion in the version unanimously passed by the Senate on March 25, 2020 and the

Paycheck Protection Program and Health Care Enhancement Act was the major amendment made.

How much the Democrats had to do with that amendment negotiation doesn't matter, they will always be blamed for large and expensive Federal government programs that are administered to bad effect. I.E. "tax and spend liberals"

by artappraiser on Sat, 08/20/2022 - 3:49pm

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