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Message
re: Is there a new PPP hustle going around?
Posted on 5/25/21 at 8:33 am to supadave3
Posted on 5/25/21 at 8:33 am to supadave3
quote:
This. If it’s relatively easy, I’m sure there is a ‘go to’ person in a lot of these communities that has a lick of sense that helps them through the process
It's not. My firm processed a lot of PPP loans. A shite load were denied just because they didn't submit the correct documentation.
Im not going to get into all of it, but if "Joe's Popsicles" with a po box and no income submitted an application, I can guarantee you it wasn't accepted.
I'll repeat myself, any one that believes that is a fricking moron
3
Posted on 5/25/21 at 8:35 am to Mingo Was His NameO
quote:
It's not. My firm processed a lot of PPP loans. A shite load were denied just because they didn't submit the correct documentation.
Im not going to get into all of it, but if "Joe's Popsicles" with a po box and no income submitted an application, I can guarantee you it wasn't accepted.
That’s good to hear. I sure haven’t heard of anyone doing the PPP scam, but I really wouldn’t know even if it was going on. I’m not involved with banking or the hustlers.
Posted on 5/25/21 at 8:37 am to Mingo Was His NameO
Here are some facts:
1) People lie
2) There are some people in the hood that have some modicum of skill with Photoshop (or similar applications) and/or the internet
3) Everyone in the hood knows who these people are and what their drug/vice of choice is
If your position is it would be difficult to provide a fake PPP application that gets approved well I'd say that would probably be a reckless position at the least.
ETA Now today the auditing of the PPP applications may be more stringent (IDK but I kind of doubt it), but when the CARES Act was first signed and PPP first went online back in mid-2020 it was the wild wild West.
1) People lie
2) There are some people in the hood that have some modicum of skill with Photoshop (or similar applications) and/or the internet
3) Everyone in the hood knows who these people are and what their drug/vice of choice is
If your position is it would be difficult to provide a fake PPP application that gets approved well I'd say that would probably be a reckless position at the least.
ETA Now today the auditing of the PPP applications may be more stringent (IDK but I kind of doubt it), but when the CARES Act was first signed and PPP first went online back in mid-2020 it was the wild wild West.
This post was edited on 5/25/21 at 8:41 am
Posted on 5/25/21 at 9:25 am to Mingo Was His NameO
quote:
My firm processed a lot of PPP loans. A shite load were denied just because they didn't submit the correct documentation.
I've had to investigate numerous fraudulent PPP claims. I promise you it happens.
I can also guarantee you that I will have to investigate the sale of fraudulent vaccine passports eventually.
This post was edited on 5/25/21 at 9:28 am
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