Dallas Hotel Owner Is Biggest Beneficiary of Coronavirus Loan Program

By artappraiser on Thu, 04/23/2020 - 9:15am |

Dallas hotel magnate Monty Bennett laid off 95% of his staff, then he and his father got a $2M dividend. Now companies affiliated with him are getting $46M in PPP loans — more than any public company https://t.co/ldMft4oi9A
— Konrad Putzier (@KonradPutzier) April 22, 2020

URL:

https://www.wsj.com/articles/dallas-hotel-owner-is-biggest-beneficiary-of-coronavirus-loan-program-11587568827

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Meanwhile Trump, the hotelier co, asks Trump, the administration, for rent relied:

This blatant corruption in the middle of a public health & economic crisis is just mind-boggling. Enough is enough: Congress should pass my bill to #EndCorruptionNow to force Presidents to fully divest from their businesses.https://t.co/UlV5QNCeiF
— Elizabeth Warren (@SenWarren) April 22, 2020

by artappraiser on Fri, 04/24/2020 - 3:47am

Monty finally caved:

UPDATE: Firms controlled by major TRUMP donor MONTY BENNETT will return $70M in @SBAgov loans meant for small businesses.

“Continuous SBA rule changes & evolving opinions by administration officials have led us to conclude that we may no longer qualify.” https://t.co/dYtCSNK7aB
— Kenneth P. Vogel (@kenvogel) May 3, 2020

by artappraiser on Sat, 05/02/2020 - 11:14pm

Dallas Hotel Owner Is Biggest Beneficiary of Coronavirus Loan Program

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