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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums'Biggest fraud in a generation': The looting of the Covid relief program known as PPP
They bought Lamborghinis, Ferraris and Bentleys.
And Teslas, of course. Lots of Teslas.
Many who participated in what prosecutors are calling the largest fraud in U.S. history the theft of hundreds of billions of dollars in taxpayer money intended to help those harmed by the coronavirus pandemic couldnt resist purchasing luxury automobiles. Also mansions, private jet flights and swanky vacations.
They came into their riches by participating in what experts say is the theft of as much as $80 billion or about 10 percent of the $800 billion handed out in a Covid relief plan known as the Paycheck Protection Program, or PPP. Thats on top of the $90 billion to $400 billion believed to have been stolen from the $900 billion Covid unemployment relief program at least half taken by international fraudsters as NBC News reported last year. And another $80 billion potentially pilfered from a separate Covid disaster relief program.
https://www.yahoo.com/news/biggest-fraud-generation-looting-covid-195900725.html
lpbk2713
(42,736 posts)Cheney's no-bid contracts to Halliburton et al.
Budi
(15,325 posts)TxGuitar
(4,177 posts)If you don't pay taxes, you shouldn't be getting bennies. And the Catholic Church is thought to have received between $1.5 and 3.5 BILLION dollars in PPP.
jimfields33
(15,675 posts)I doubt this story is about that.
TxGuitar
(4,177 posts)and the likes of Joel Osteen getting PPP loans?
jimfields33
(15,675 posts)We dont discriminate in this country or we shouldnt.
Zeitghost
(3,844 posts)They don't pay income taxes based on profit because by definition, a non-profit doesn't turn a profit.
Hoyt
(54,770 posts)I know some of them, and bet there is no way they were honest on their application and ultimate use of the funds. Also saw where a lot of law firms applied for PPP funds.
Frustratedlady
(16,254 posts)What did Trump have on the books...500 or so?
leftstreet
(36,097 posts)unbelievable