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Message

re: The amount of scamming for covid PPP loans was/is unbelievable

Posted on 1/31/24 at 8:21 am to
Posted by VADawg
Wherever
Member since Nov 2011
47657 posts
Posted on 1/31/24 at 8:21 am to
quote:

As scammy as it was, in my opinion, you have to accept the bullshite with the real help.

Let’s just say there was 40% fraud.

Well that other 60% saved the country.

If gov is going to force business to close, and the people support that, then the gov and the people have a duty to give a lifeline for business to see through that closure.

And then accept that X number of people will try to find ways to scam it.


40% is way, way, way, way too low.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
465525 posts
Posted on 1/31/24 at 8:22 am to
During that era, anytime one of my clients would randomly come to me to form an LLC, I would politely decline.

Basically led me to stop doing it, generally.
Posted by TJack
BR
Member since Dec 2018
3059 posts
Posted on 1/31/24 at 8:22 am to
Lots of pools went in around us.
Posted by IAmNERD
Member since May 2017
23708 posts
Posted on 1/31/24 at 8:24 am to
quote:

If gov is going to force business to close, and the people support that,

Who supported that though? I don't know anyone who was a fan of forcing businesses to shut down.
Posted by Bistineaubengal
Member since Aug 2008
840 posts
Posted on 1/31/24 at 8:25 am to
Looked at the local list a while back.

There were several "clusters" of related people on that list who can't do their own taxes and I seriously doubt they were employed to begin with.



Noticed several law firms and insurance *offices too.
This post was edited on 1/31/24 at 9:00 am
Posted by LNCHBOX
70448
Member since Jun 2009
88664 posts
Posted on 1/31/24 at 8:26 am to
quote:

Who supported that though? I don't know anyone who was a fan of forcing businesses to shut down.



There were shite tons of people cheering on the lockdowns knowing full well small businesses wouldn't be able to handle them.
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
43902 posts
Posted on 1/31/24 at 8:33 am to
quote:

Our reaction to covid was so retarded. It would've been better to just let a few million fat fricks and old people die than to shut down the economy for a couple years.



This can't be stated enough.
Posted by Boss13
Mobile
Member since Oct 2016
1830 posts
Posted on 1/31/24 at 8:33 am to
quote:

As scammy as it was, in my opinion, you have to accept the bullshite with the real help.

Let’s just say there was 40% fraud.

Well that other 60% saved the country.

If gov is going to force business to close, and the people support that, then the gov and the people have a duty to give a lifeline for business to see through that closure.

And then accept that X number of people will try to find ways to scam it.


Okay, so now we've identified who has scammed it, let's go after them with the full force of the law. Disincentivise it moving forward. These people stole large amounts of money. Prosecute them for it.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
295445 posts
Posted on 1/31/24 at 8:34 am to
Indeed.

Probably as much through the Unemployment system.

A lot of Nigerians benefitted from COVID bailouts.
Posted by HeadSlash
TEAM LIVE BADASS - St. GEORGE
Member since Aug 2006
54823 posts
Posted on 1/31/24 at 8:38 am to
quote:

the SBA


the bastards "gave" me a loan.
Posted by jchamil
Member since Nov 2009
18828 posts
Posted on 1/31/24 at 8:39 am to
quote:

Let’s just say there was 40% fraud.

Well that other 60% saved the country.


Included in that 60% I bet almost half didn't really need the PPP loan but qualified anyway. Not technically fraud, but it wasn't necessary. That shite didn't save the country
Posted by Bjorn Cyborg
Member since Sep 2016
33931 posts
Posted on 1/31/24 at 8:49 am to
If by "unbelievable" you mean completely predictable and expected, then I agree with you.

Every government program, from student loans to welfare to government contracts to disability programs is rife with fraud and corruption. Why would this poorly conceived and rushed program be any different?
Posted by AstroCajun
Lafayette
Member since Aug 2006
462 posts
Posted on 1/31/24 at 8:54 am to
quote:

. It would've been better to just let a few million fat fricks and old people die than to shut down the economy for a couple years.


So you'd be totally ok if it was your "fat frick" or "old person" who died?
Posted by lsuhunt555
Teakwood Village Breh
Member since Nov 2008
38968 posts
Posted on 1/31/24 at 8:55 am to
Imagine that. And I'm sure, based on the demographic, you'll not here much about it in the MSM.
Posted by Hateradedrink
Member since May 2023
3966 posts
Posted on 1/31/24 at 8:59 am to
don’t bring this up here, the brain trust blames stimmy checks for the fact they had to commit ppp fraud in order to afford their tri-outboard catamaran in 2021
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
64020 posts
Posted on 1/31/24 at 8:59 am to
quote:

Imagine that. And I'm sure, based on the demographic, you'll not here much about it in the MSM.



If you Search a lot of these loans then you'll find many of them were forgiven when Biden took office.
Posted by DeafJam73
Baton Rouge
Member since Sep 2010
19122 posts
Posted on 1/31/24 at 8:59 am to
I’m pretty sure my employer did. Although I have no way to prove it.
Posted by LordSaintly
Member since Dec 2005
42035 posts
Posted on 1/31/24 at 8:59 am to
Who the hell raised these pieces of shite?
Posted by Bjorn Cyborg
Member since Sep 2016
33931 posts
Posted on 1/31/24 at 9:06 am to
quote:

So you'd be totally ok if it was your "fat frick" or "old person" who died?


It's not a binary situation.

Nothing that was done actually prevented anyone from dying.

Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
64020 posts
Posted on 1/31/24 at 9:07 am to
quote:

Who the hell raised these pieces of shite?


The government and no one that runs our society can even acknowledge the problem much less condemn the behaviors that stem from it.

Why should anyone pay taxes? It either funds a new war or goes right into the pockets of scam artists.
This post was edited on 1/31/24 at 9:08 am
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