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Keyword: ppploans

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  • Senators Urge Investigation of Planned Parenthood for Pandemic-Era Fraud

    03/13/2025 7:24:09 PM PDT · by Morgana · 10 replies
    The Washington Stand ^ | March 12, 2025 | S.A. McCarthy
    A pair of Republican senators are asking the Trump administration to investigate Planned Parenthood for potential financial fraud stemming from the COVID era, as Congress moves to allow continued prosecutions for COVID-related fraud. Senators Joni Ernst (R-Iowa) and Rand Paul (R-Ky.) recently sent a letter to Kelly Loeffler, head of the Small Business Administration (SBA), asking her to look into Planned Parenthood’s “unlawful” collection of over $100 million in Paycheck Protection Program (PPP) funds and to provide Congress with related documents which the Biden administration previously withheld. According to the senators, Planned Parenthood affiliates were alerted in the first half...
  • Report: GOP Senators Demand Information About COVID-19 Cash Planned Parenthood Received

    03/08/2025 11:48:02 AM PST · by Morgana · 5 replies
    Breitbart ^ | March 8, 2025 | Katherine Hamilton
    Two Republican senators are demanding information from the Small Business Administration (SBA) about how much COVID-19 aid Planned Parenthood chapters received. Sens. Joni Ernst (R-IA) and Rand Paul (R-KY) sent a letter on Friday to SBA administrator Kelly Loeffler about the abortion giant receiving funds from the Paycheck Protection Program (PPP), which was created during the pandemic to assist businesses suffering under government-imposed lockdowns, the Daily Signal first reported. “Not a single tax dollar should fund abortions,” Ernst told the outlet. “The Paycheck Protection Program was designed to help Americans struggling during the pandemic, not to go to ineligible recipients...
  • They’re catching up to the people that abused the PPP loans in 2020

    02/17/2025 1:07:17 PM PST · by Vendome · 31 replies
    Washingtons Ghost via X ^ | February 17, 2025 | hartgoat
    They’re catching up to the people that abused the PPP loans in 2020 https://x.com/i/status/1891225784515215843
  • Nancy Pelosi Profited as Luxury Napa Resort Won COVID-19 Bailout

    12/20/2024 7:51:49 PM PST · by george76 · 15 replies
    Real Clear Wire. ^ | December 18, 2024 | Leighton Woodhouse,
    The Auberge du Soleil, a five-star hillside hotel and spa with a panoramic view overlooking the vineyards of Napa Valley, appears to be first-rate in all ways but one. While the glamorous resort, an hour’s drive from San Francisco, fills rooms that routinely go for $2,000 a night with A-list celebrities and tech titans, financial records suggest it did not provide much of a return to at least two of its investors – Rep. Nancy Pelosi and her husband, Paul. That changed when it received millions in congressionally authorized COVID-19 relief in 2020 and 2021. he Auberge du Soleil investment,...
  • Illinois’ biggest consumer bankruptcy firm DebtStoppers files for Chapter 11 bankruptcy

    07/15/2023 5:26:52 AM PDT · by Salman · 4 replies
    Chicago Sun Times ^ | Jul 14, 2023 | Stephanie Zimmermann
    The largest consumer bankruptcy law firm in Illinois and one of the biggest in the country has filed for bankruptcy after taking millions in taxpayer-backed loans meant to help struggling businesses survive the pandemic. The Semrad Law Firm LLC, which markets itself as DebtStoppers, filed for Chapter 11 bankruptcy on April 26 in Delaware, blaming the COVID-19 pandemic. A Chapter 11 bankruptcy allows a company to reorganize under a judge’s supervision and keep operating while paying creditors at least part of what they’re owed. ... The PPP loans were aimed at small businesses that needed help keeping employees on the...
  • Over $400 Billion in COVID Aid Was Stolen or Wasted

    06/14/2023 2:48:46 PM PDT · by nickcarraway · 22 replies
    Reason ^ | 6.14.2023 | Eric Boehm
    A new Associated Press analysis of government data suggests 10 percent of all COVID aid was lost to fraud or theft. That figure will likely grow.Over the past three years, the federal government distributed more than $4.2 trillion in aid connected to the COVID-19 pandemic. More than $400 billion of it—nearly one in every $10 spent—was either wasted or stolen, according to a new report. And that figure is likely to grow, the Associated Press reported on Tuesday, "as investigators dig deeper into thousands of potential schemes." Already, prosecutors have charged more than 2,230 defendants with pandemic-related fraud crimes, the...
  • White House Plays Dumb on Estimated $500 Billion Cost of Canceling Student Debt

    08/26/2022 7:22:35 AM PDT · by ChicagoConservative27 · 55 replies
    Breitbart ^ | 08/26/2022 | CHARLIE SPIERING
    White House aides repeatedly refuse to address the cost of President Joe Biden’s decision on Wednesday to cancel up to $20,000 in student debt. “I can’t give you that off the top of my head,” White House director of domestic policy Susan Rice said Wednesday during the daily briefing when asked whether the administration had estimated the cost of the president’s decision. She repeated the cost of the program would not be fully known until the federal government knew how many people would take advantage of it. The president spent several months stalling a decision on canceling student debt, telling...
  • REPORT: These Top Celebrities Took Advantage Of PPP Loans In Spite Of Their Wealth

    08/20/2022 8:01:39 PM PDT · by bitt · 56 replies
    DAILYCALLER.COM ^ | leena nasir
    Some of the wealthiest celebrities reportedly took advantage of the Payment Protection Program (PPP) loans offered by the U.S. government designed to aid desperate businesses hard-hit by the COVID-19 pandemic. The pandemic wreaked havoc on working-class citizens and forced millions of businesses around the globe to close, yet recent findings indicate that wealthy celebrities took advantage of PPP loans in spite of their wealth, according to the Daily Mail. Some of the reported celebrities included Tom Brady, Khloe Kardashian, Reese Witherspoon, Kanye West and Nancy Pelosi’s husband Paul, according to Daily Mail. Kanye West’s apparel company, Yeezy LLC, reportedly borrowed...
  • Democrat Candidate's Daughter Pleads Guilty to $300,000 COVID Relief Fraud

    11/05/2021 12:13:31 AM PDT · by blueplum · 15 replies
    Newsweek ^ | 04 November 2021 | ANDERS ANGLESEY
    The daughter of a Florida U.S. congressional candidate pled guilty to having received $300,000 in COVID-19 relief loans by submitting fraudulent information. Damara Holness, 28, daughter of congressional candidate Democrat Dale Holness, appeared at a federal court in Fort Lauderdale on Wednesday where she faced serious allegations. There, Holness told Judge Rodolfo Ruiz she would plead guilty... ....The DOJ statement continued: "Holness issued checks from the company bank account made out to others who agreed, for a fee, to help with the fraud."...
  • Hundreds of millions in PPP loans went to CCP-backed firms, as U.S. small businesses went under

    05/02/2021 11:36:58 AM PDT · by CheshireTheCat · 8 replies
    Just the News ^ | May 1, 2021 | Sophie Mann
    The Golden Horseshoe is a weekly designation from Just the News intended to highlight egregious examples of wasteful taxpayer spending by the government. The award is named for the horseshoe-shaped toilet seats for military airplanes that cost the Pentagon a whopping $640 each back in the 1980s. This week, our award is going to the United States Small Business Administration and Treasury Department for awarding at least $200 million, but as much as $420 million, to Chinese Communist Party-linked businesses by way of the Paycheck Protection Program, intended to assist U.S. small businesses that were devastated by the coronavirus pandemic,...
  • Hundreds of Companies That Got PPP Loans Have Gone Bankrupt; More Shutdowns Mean More Bankruptcies

    11/19/2020 7:39:06 AM PST · by SeekAndFind · 23 replies
    The Street: Mish Talk ^ | 11/19/2020 | Mike Shedlock
    Recipients of PPP loans have filed for bankruptcy after the money ran out.At least a Half Billion in PPP Loans Won't Be Repaid Hundreds of companies employing 23,400 people went Bankrupt after PPP Funds Ran Out.The total number of companies that failed despite getting PPP loans is likely far higher. The Journal only analyzed the big borrowers from the program, which accounted for about half of the overall loans though only about 13.5% of the total participants. And many small businesses simply liquidate when they run out of cash rather than file for bankruptcy.The SBA has only released data on...
  • Josh Bellamy, former Jets player, charged in alleged coronavirus relief loan scam

    09/11/2020 8:27:53 AM PDT · by mplc51 · 10 replies
    CBS ^ | 09/11/2020 | Jordan Freiman
    NFL receiver Josh Bellamy has been charged and arrested for allegedly participating in a multi-million dollar Paycheck Protection Program loan fraud scheme, the Department of Justice announced Thursday. According to the Justice Department, Bellamy, along with talent management company owner Phillip J. Augustin and several others, applied for PPP loans worth more than a combined $24 million. At least 42 of the requested loans were approved to the tune of some $17.4 million, the department said. Bellamy allegedly received a loan of $1,246,565 for his company Drip Entertainment LLC. He then allegedly used the loan to buy more than $100,000...