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Posted on 8/5/20 at 1:21 pm to OweO
quote:
And the minimum they would get, was something like $1.5M.
This is not true at all. As a rule, applications for PPP required 2 year business tax returns and recent financial statements for bank underwriters to determine historical payroll expenses. The PPP loan amount was calculated using historical payroll, whether it be $1,000 or $3,000,000. There is no “minimum” loan amount
Posted on 8/5/20 at 1:25 pm to Tiger Prawn
Apparently it’s the new trend in the hip hop world, the newest attention whoring item
Posted on 8/5/20 at 1:27 pm to charlestonchief
Never heard of Lamborghini Urus but if you are going to buy an Lamborghini, while not get one of the sport cars?
Posted on 8/5/20 at 1:33 pm to RebelWithACause
The type of people who buy a Urus already have a couple of the cars. Or they just buy it for their wife.
Posted on 8/5/20 at 1:43 pm to OweO
quote:
And the minimum they would get, was something like $1.5M.
Completely false, the amount of money that businesses received was based on previous payroll expenses. Which means that this guy not only misused the funds, but also submitted fraudulent documents to secure the funds to begin with.
Posted on 8/5/20 at 1:44 pm to Klark Kent
Posted on 8/5/20 at 1:46 pm to yellowfin
quote:
Strip clubs in Houston are open?
There was club on Richmond that was hot on the Snapchat heat map the other weekend. Pretty much who you would picture at strip club during covid
It was a good 10 minutes of strippers and rain making
Posted on 8/5/20 at 2:50 pm to Skinner
quote:
applications for PPP required 2 year business tax returns and recent financial statements for bank underwriters to determine historical payroll expenses.
which is exactly why they should also go after the institution that approved and submitted this guys request.
the banks were the gatekeepers on this stuff.
Posted on 8/5/20 at 2:56 pm to BowDownToLSU
....pay your taxes honky!! I need womens and big fancy kahs.
This post was edited on 8/5/20 at 2:58 pm
Posted on 8/5/20 at 3:03 pm to poule deau
quote:
which is exactly why they should also go after the institution that approved and submitted this guys request.
the banks were the gatekeepers on this stuff.
I’m pretty sure they were told to green light all PPP requests unless something was obviously off.
The plan was to get the help out ASAP and sort this stuff out in the aftermath.
Posted on 8/5/20 at 3:19 pm to Volvagia
quote:
I’m pretty sure they were told to green light all PPP requests unless something was obviously off.
Essentially. The government expected every bank to maintain their own underwriting standards but also urged the institutions to helps businesses as quickly as possible. Banks were caught in a pickle trying to underwrite thousands of PPP applications with minimal guidance within a short time frame to support their borrowers. There will surely be instances of falsified documents that slithered through the cracks of the streamlined underwriting processes, which is likely what happened here.
Posted on 8/5/20 at 3:32 pm to Tiger Prawn
quote:
If you're going to spend an ill-gotten $250k on a Lambo, why this?
Strippers with an s, needed more room
Posted on 8/5/20 at 3:43 pm to The Goon
quote:
It’s the rainy season in Houston. He’s going to need something to get through the flooding.
That's what the tree fiddy is for
Posted on 8/5/20 at 6:34 pm to Art_Vandelay
So do millions of people who are on the government handout program. Arrest them too.
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