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re: How are these bankers allowing PPP fraud not busted?
Posted on 8/13/20 at 5:33 pm to baldona
Posted on 8/13/20 at 5:33 pm to baldona
quote:
This will absolutely happen. There's going to be some shady bankers that get caught helping out a bunch of folks without a doubt. I'm not saying that's it as a whole for bankers, that was part of my point here.
I'm not so sure some businessman didn't meet the bankers at a bar and hash some schemes out here.
Sure. First the feds have to figure out the fraudsters, and then they have to connect the dots. Then, they will find out that Banker A has a dozen fraud cases. Then, they will start to check out ALL the apps from Banker A. Then, build a case.
Look at the millions and millions in fraud going on with First NBC, and it's taken several years to build that case, with insanely obvious fraud going on.
These cases take time, hopefully the feds will keep on it and not lose interest.
1
Posted on 8/13/20 at 5:39 pm to LSUFanHouston
Sure but I'm mostly talking about the guys that got absurd amounts. Like the one guy in Miami that got like 4 PPP's all for $1 mil.
I have a hard time believing he went to 4 different banks, more likely one banker helped push them through. If that one banker allowed one guy $4 mil, it seems very likely they helped others.
Now, its certainly plausible they simply found one easy bank and went to different branches so as not to get caught as easy.
But these guys were buying Lambo's and what not. I have a hard time believing they were THAT smart. Seems more likely they had help.
I have a hard time believing he went to 4 different banks, more likely one banker helped push them through. If that one banker allowed one guy $4 mil, it seems very likely they helped others.
Now, its certainly plausible they simply found one easy bank and went to different branches so as not to get caught as easy.
But these guys were buying Lambo's and what not. I have a hard time believing they were THAT smart. Seems more likely they had help.
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