Vegas Hotel Rooms, MLB Stadium Rentals, & More: DOGE Finds Schools Misused Billions In COVID Funds

Comments

• stopdropandprole@lemmy.world ⁨1⁩ ⁨year⁩ ago

  the DOGE claims, even if true, are a tiny fraction of the fraud perpetrated by PPP loan recipients (businesses).

  taxpayers did get ripped off - by corporations and their owners - using money that should have gone to household instead.

  Biggest fraud in a generation: The looting of the Covid relief plan known as PPP

  "[PPP recipients] … couldn’t resist purchasing luxury automobiles. Also mansions, private jet flights and swanky vacations.

  … The program authorized banks and other financial institutions to make government-backed loans to businesses, loans that were to be forgiven if the companies spent the money on business expenses. Nearly 10 million such loans have already been forgiven. Many of the loans-turned-grants were for millions of dollars, public records show.

  Experts say millions of borrowers inflated their numbers of employees or created companies out of whole cloth.

  the takeaway here is that when government bailouts happen, the money should be given directly to US citizens/taxpayers who will actually use it on local commerce and transactions that stimulate domestic economic activity.

  source
• nokturne213@sopuli.xyz ⁨1⁩ ⁨year⁩ ago

  Is there actual proof? Or are we still relying on “trust me bro.”?

  source
• PapaSkwat@lemy.lol ⁨1⁩ ⁨year⁩ ago

  Tyler Durden audits now. That’s so cool how he can do anything he sets his mind to. Like lie.

  source