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Many sole proprietorships registered and individuals in my area have these loans. I suspect this was a major contributor to inflation. For example, a neighbor
by binary_slinger 2y ago
Many sole proprietorships registered and individuals in my area have these loans. I suspect this was a major contributor to inflation.
For example, a neighbor who owns several franchised restaurants received a few million in PPP loans. But during COVID he also bought a Cirrus Vision Jet. Very suspicious.
The PPP loan program is a borrower self-certified program. Meaning the gov't did absolutely nothing to ensure funds actually went to payroll.
- buttercraft 2y agoIn my area, US attorneys recently went after someone for misuse of PPP money and got a judgemental against him. The person who turned him in got a big, fat reward.