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re: $87 Billion In Covid-19 Unemployment Benefits were paid out to Fraudsters

Posted on 12/4/21 at 1:40 pm to
Posted by BurntOrangeMan
Dallas TX
Member since May 2021
5628 posts
Posted on 12/4/21 at 1:40 pm to
quote:


It wasn't fraud, it was calculated money laundering at extremely high levels.


C’mon man!

-Big Guy
Posted by oldskule
Down South
Member since Mar 2016
15476 posts
Posted on 12/4/21 at 1:42 pm to
The gubment has lost institutional control!
Posted by themunch
Earth. maybe
Member since Jan 2007
64680 posts
Posted on 12/4/21 at 1:48 pm to
Voter fraud.
Posted by dgnx6
Baton Rouge
Member since Feb 2006
68700 posts
Posted on 12/4/21 at 1:54 pm to
I thought fraud didn’t happen?

But best part about this is, businesses pay that tax. You know, muh fair share.



This post was edited on 12/4/21 at 1:55 pm
Posted by extremetigerfanatic
Denham Springs
Member since Oct 2003
5365 posts
Posted on 12/4/21 at 2:08 pm to
quote:

PPP saved my arse. I have business owner friends whose PPP saved their arse. I have others whose PPP was more like a Christmas bonus. I don’t have any problems with that.

So you were duped?
Emergency overblown.
Businesses shut down via fiat.
You sit on your hands.
Government takes other people’s money and gives it to you.
Profit?

The entire thing is fraudulent.

But I’m glad there were people that could be taxed to “save your arse”.

Congrats.
Posted by Bass Tiger
Member since Oct 2014
46152 posts
Posted on 12/4/21 at 3:27 pm to
quote:

Probably more than $87 billion. My good friend received $250k from the PPP and admits he didn’t really need it but with the help of his accountant his small 3 man HVAC company qualified……he remodeled his house with the money.


Whether he “needed” it or not, if it was valid and legal, who has a problem with it?

PPP saved my arse. I have business owner friends whose PPP saved their arse. I have others whose PPP was more like a Christmas bonus.

I don’t have any problems with that.



quote:

Probably more than $87 billion. My good friend received $250k from the PPP and admits he didn’t really need it but with the help of his accountant his small 3 man HVAC company qualified……he remodeled his house with the money.


Whether he “needed” it or not, if it was valid and legal, who has a problem with it?

PPP saved my arse. I have business owner friends whose PPP saved their arse. I have others whose PPP was more like a Christmas bonus.




If you needed the PPP money I have no issue with you receiving the assistance but you're missing my point. There were a lot of small business owners who received PPP money that were not suffering from economic loss due to the pandemic but they worked within the accounting laws to show their quarterly revenue was being impacted and they qualified....they worked the system, it wasn't illegal but it was unethical. Those trillions of dollars handed out over the past 18 months are going to haunt the average American with surging inflation for years to come and we will all ask at some point was the hundreds of billions of helicopter money that was given to a lot of people who really didn't need it worth the inflation? We have to be honest and realistic.....ain't nothing free and inflation running at +10% is proving my point.

Posted by Boring
Member since Feb 2019
3792 posts
Posted on 12/4/21 at 4:17 pm to
I did O&G work for several years under my own LLC. When oil went belly up last year, I chose to exit the industry altogether and start a different career. It was a scary 6 months for me financially.

I feel like a fricking moron knowing that I could have just grifted the government instead of taking responsibility for myself.
Posted by Csmims
Orange Beach Alabama
Member since Jan 2019
1845 posts
Posted on 12/4/21 at 5:17 pm to
A high percentage of government/taxpayers giveaways is fraud. My niece works at the local food stamp office and says 65 percent of the giveaways are fraud
Posted by cajunangelle
Member since Oct 2012
146966 posts
Posted on 12/4/21 at 5:26 pm to
I know HVAC companies that were not hurting at all-- fire people down to 48 employees and got a million. If you look at the list I posted, every type of company known applied.

Posted by HonoraryCoonass
Member since Jan 2005
18076 posts
Posted on 12/4/21 at 6:56 pm to
Just wait til they start writing checks on the infrastructure bill……..and then, maybe, the second infrastructure bill.
Posted by Zarkinletch416
Deep in the Heart of Texas
Member since Jan 2020
8389 posts
Posted on 12/4/21 at 7:56 pm to
This Biden Administration is leaking money like a broken main water line in NYC. A feeding frenzy.
Posted by blueridgeTiger
Granbury, TX
Member since Jun 2004
20309 posts
Posted on 12/4/21 at 8:18 pm to
quote:

$87 Billion In Covid-19 Unemployment Benefits were paid out to Fraudsters


Posted by TigerFanatic99
South Bend, Indiana
Member since Jan 2007
27620 posts
Posted on 12/4/21 at 9:14 pm to
quote:

at least 10% was estimated to be paid “improperly, with a significant portion attributable to fraud.”

This means that at least $87 billion was lost to fraud


Posted by Bearcat90
The Land
Member since Nov 2021
2955 posts
Posted on 12/4/21 at 9:16 pm to
quote:

$87 Billion In Covid-19 Unemployment Benefits were paid out to Fraudsters


No worries, Uncle Joe says it won't cost anything.
Posted by Bearcat90
The Land
Member since Nov 2021
2955 posts
Posted on 12/4/21 at 9:19 pm to
quote:

I'm going to get downvoted to oblivion on this, but much of these federal handouts happened under Trump's watch.


Last time I checked, our Congress was still in charge of our countries purse-strings.
Posted by Bayou_Tiger_225
Third Earth
Member since Mar 2016
10512 posts
Posted on 12/4/21 at 11:42 pm to
I know someone who falsely claimed unemployment and the IRS is on his arse now.
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 12/4/21 at 11:48 pm to
Don’t people have to pay it back though?
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 12/4/21 at 11:50 pm to
quote:

I know someone who falsely claimed unemployment and the IRS is on his arse now


What compelled people to do this? I wouldn’t do something like this.
Posted by DMAN1968
Member since Apr 2019
10149 posts
Posted on 12/5/21 at 6:27 am to
quote:

at least 10% was estimated to be paid “improperly

My first thought was "only 10%?"...then I remembered...it's probably the government doing the estimating.

I wonder what the real number is.
Posted by FightinTigersDammit
Louisiana North
Member since Mar 2006
34716 posts
Posted on 12/5/21 at 8:40 am to
After the great flood a few years ago, the state was offering emergency SNAP benefits to those who had houses flooded.
I was told the in Union Parish, there were 500ish flooded dwellings.
3000 emergency SNAP cards were issued.
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