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

Posted on 1/31/24 at 9:09 am to
Posted by Packer
IE, California
Member since May 2017
8686 posts
Posted on 1/31/24 at 9:09 am to
I know two girls who got it by saying they were "hair stylists". Both got about $15k and are currently in jail on drug related charges. Wonder what that money was spent on?
Posted by OceanMan
Member since Mar 2010
22669 posts
Posted on 1/31/24 at 9:10 am to
quote:

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


But people still died. There’s no evidence that any measure taken actually helped
Posted by The Torch
DFW The Dub
Member since Aug 2014
27537 posts
Posted on 1/31/24 at 9:11 am to
I personally know a couple that had an Oil Field rental equipment company with 15-20 employees.

When covid hit they let everyone go, then filled and received 1 million in PPP Loan money they never had to pay back.

Three months after getting it the girlfriend bought a G-Wagon , a 300K house and they took several vacations.

I can't stand them and would love to turn them in
Posted by LNCHBOX
70448
Member since Jun 2009
88664 posts
Posted on 1/31/24 at 9:11 am to
quote:

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


People die everyday. All the bullshite did nothing to stop people from dying due to covid
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
295445 posts
Posted on 1/31/24 at 9:11 am to
quote:

That shite didn't save the country



Its a classic case of Government trying to destroy an economy, then taking full credit for its recovery.

And the poeple are so grateful to government
This post was edited on 1/31/24 at 9:12 am
Posted by Scuttle But
Member since Nov 2023
1301 posts
Posted on 1/31/24 at 9:13 am to
quote:

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


I mean I'd be sad but I'm no so selfish as to think we should shut down the world's economy and shutdown every school so my grandma can maybe live another year or two.
Posted by Saskwatch
Member since Feb 2016
17978 posts
Posted on 1/31/24 at 9:14 am to
quote:

Three months after getting it the girlfriend bought a G-Wagon , a 300K house


You know the money isn't earned when the vehicle costs 2/3 of the home value.
Posted by c on z
Zamunda
Member since Mar 2009
130385 posts
Posted on 1/31/24 at 9:14 am to
quote:

Okay, so now we've identified who has scammed it, let's go after them with the full force of the law.

That’s already taken place. In BR for example, an individual was already sentenced to federal prison for misusing PPP money.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
295445 posts
Posted on 1/31/24 at 9:16 am to
quote:


That’s already taken place. In BR for example, an individual was already sentenced to federal prison for misusing PPP money.



One person doesnt mean theyre going after the perps. It means they found a perp
Posted by Dire Wolf
bawcomville
Member since Sep 2008
39850 posts
Posted on 1/31/24 at 9:19 am to
quote:


I personally know a couple that had an Oil Field rental equipment company with 15-20 employees.

When covid hit they let everyone go, then filled and received 1 million in PPP Loan money they never had to pay back.


I had a few customers whose businesses were either booming or relatively unaffected by covid who took out PPP loans. It was a hell of a deal given the inflation that would come, even for those who are paying them back

sold a good bit of equipment due to those loans freeing up room for capital purchases.
Posted by Corinthians420
Iowa
Member since Jun 2022
16104 posts
Posted on 1/31/24 at 9:22 am to
quote:


I mean I'd be sad but I'm no so selfish as to think we should shut down the world's economy and shutdown every school so my grandma can maybe live another year or two

Exactly. It was some real insider shite going on during PPP too where they were first come, first serve
Posted by Horsemeat
Truckin' somewhere in the US
Member since Dec 2014
15143 posts
Posted on 1/31/24 at 9:22 am to
...and people wonder why two walmart ribeyes is $30 now. This loan and stimulus nonsense totally fricked our economy.
Posted by Weekend Warrior79
Member since Aug 2014
20668 posts
Posted on 1/31/24 at 9:39 am to
quote:

If you Search a lot of these loans then you'll find many of them were forgiven when Biden took office.

Biden deserves a lot of blame for a lot of things; but this is not one of them. There were automatic triggers already in place for the forgiveness; and based on the time frame of when you could apply for forgiveness, it was always going to happen during his term (Or Trump's if re-elected)
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
135784 posts
Posted on 1/31/24 at 9:42 am to
Your govt engaged in fraud.

And remember, every govt employee is well paid and has a high pension obligation to taxpayers.
Posted by saint tiger225
San Diego
Member since Jan 2011
46246 posts
Posted on 1/31/24 at 9:44 am to
quote:

All with printed money. We’re all paying for them now.

quote:

Our reaction to covid was so retarded.

Good thing we have a solution for this, just put the guy who was responsible for all this mess back in office. That'll surely make America great again!
Posted by LB84
Member since May 2016
4358 posts
Posted on 1/31/24 at 9:46 am to


Well then all the reparations talk need shutdown since you got it.
Posted by Weekend Warrior79
Member since Aug 2014
20668 posts
Posted on 1/31/24 at 9:48 am to
quote:

I’m pretty sure my employer did. Although I have no way to prove it.

There are databases you can search, or you can download the huge file from SBA website
Posted by sodcutterjones
Member since May 2018
1314 posts
Posted on 1/31/24 at 9:50 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.


Why give people an alley to scam? The country didn’t need saving as much as it needed to open its eyes to the scam we were put in by COVID. The country didn’t need bailout money as much as it needed to just remain open for business. Now we are in that much more debt collectively that we will pass on to our grandkids. The American government is the problem.
Posted by PUB
New Orleans
Member since Sep 2017
20655 posts
Posted on 1/31/24 at 10:34 am to
So much for showing up at the office to work instead of hiding at home and scamming the government. Disgusting part is nobody gave a sh-t either.
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
76373 posts
Posted on 1/31/24 at 10:35 am to
PPP was such a failure, and such a stupid way to piss money.
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