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re: TX woman accused of using $3.7 million in PPP loans for homes, Chanel clothing, diamonds
Posted on 3/4/21 at 5:34 pm to kywildcatfanone
Posted on 3/4/21 at 5:34 pm to kywildcatfanone
Here is the list broken down by dollar. Impressive work by the Feds!
– $78,976: 2020 Range Rover
– $25,586 Saks Fifth Avenue
– $12,594: Hermes
– $64,477: Chanel
– $46,000: Neiman Marcus
– $36,000: Amazon
– $14,000: Apple
– $5,000: Helzberg Diamonds
– $205,000: Business in Houston
– $688,489: Home in Cypress
– $248,699: Home in Katy
– $78,976: 2020 Range Rover
– $25,586 Saks Fifth Avenue
– $12,594: Hermes
– $64,477: Chanel
– $46,000: Neiman Marcus
– $36,000: Amazon
– $14,000: Apple
– $5,000: Helzberg Diamonds
– $205,000: Business in Houston
– $688,489: Home in Cypress
– $248,699: Home in Katy
0
Posted on 3/4/21 at 5:36 pm to Palomitz
quote:
I'd say don't blame the woman, blame the stupid system.
She knowingly committed fraud.
I guess we just say sorry to the enrons and worldcomms of the world too.
Posted on 3/4/21 at 5:39 pm to QJenk
quote:
I thought this was Germans, as a story was just posted like this last week. But nope, this is an entirely different lady.
I posted that one, it was a different lady, and the thread got whacked after 2 pages. I was like WTF? Just reporting the reporting.
Posted on 3/4/21 at 5:53 pm to kywildcatfanone
You got him man!
Posted on 3/4/21 at 6:08 pm to dgnx6
quote:
member when you loons said only trumps friends got it?
No. But Corrupt Trump and his family got some PPP money. That is a fact. But then again, you people don't really deal in facts.
Posted on 3/4/21 at 6:11 pm to dgnx6
quote:
She knowingly committed fraud.
Bingo. Lock her arse up.
Posted on 3/4/21 at 6:31 pm to windshieldman
quote:
I got $1,000 and transferred it to my personal savings account
Unless your payroll is $400 a month you didn’t get a PPP loan. You got a $1000 EIDL grant. Not the same animal.
If it’s a PPP loan then I pity you for making $400 a month.
Posted on 3/4/21 at 6:53 pm to VABuckeye
quote:
Unless your payroll is $400 a month you didn’t get a PPP loan. You got a $1000 EIDL grant. Not the same animal.
If it’s a PPP loan then I pity you for making $400 a month
Well I’m not sure which it was
I make between $1,500-2000 a month, but it’s my side work.Posted on 3/4/21 at 7:00 pm to windshieldman
Probably the $1000 grant for running a one man shop. I figured it was a side gig for you.
Posted on 3/4/21 at 7:16 pm to HoustonGumbeauxGuy
quote:
Ladonna Wiggins
Checks out.
Posted on 3/4/21 at 7:22 pm to HoustonGumbeauxGuy
Dats my respirations
Posted on 3/4/21 at 7:41 pm to VABuckeye
.
This post was edited on 3/4/21 at 7:45 pm
Posted on 3/4/21 at 7:53 pm to VABuckeye
quote:
The other thing that will come out is if she fraudulently received the loan by submitting made up payroll numbers. This has been the case in several of the cases that have occurred to date. IOW, she didn't really qualify for anywhere near $3.7 million
I work in HR and have my own consulting firm. I can guarantee you this is how it happened. The 941 payroll tax reporting tells the story on actual payroll expenses. It's fairly easy for the IRS/SBA to reconcile it against the loan amount.
And the large loans ($1M+) under the program are going to receive the most scrutiny from an audit perspective, not some small business owner who got a $10K loan.
I hear people say that the fraud is widespread, but it's actually not the case due to payroll reporting. And it will be a loan, not a grant, if the 60% payroll requirement is not met.
The only potential fraud that wouldn't be easy to detect would be self-employed workers, but their loan amount is limited to the 2.5 x $8,333 per month amount based on the $100k income limit. So, definitely not a huge amount.
This post was edited on 3/4/21 at 11:20 pm
Posted on 3/4/21 at 7:53 pm to HoustonGumbeauxGuy
My queen
Posted on 3/4/21 at 8:16 pm to HoustonGumbeauxGuy
Biden voter, including the attorney. Frick em both
Posted on 3/4/21 at 8:18 pm to HoustonGumbeauxGuy
Knew exactly what I’d find before I clicked on the title.
Posted on 3/4/21 at 8:21 pm to Darth_Vader
Something is, same type of story that I posted last week, but a different woman
Posted on 3/4/21 at 8:36 pm to HoustonGumbeauxGuy
I don’t understand some of these stories. Don’t they have to pay it back?
Posted on 3/4/21 at 8:39 pm to xxTIMMYxx
quote:
I don’t understand some of these stories. Don’t they have to pay it back?
LMAO. You think that though ever crosses their mind?
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