Posted on Mar 28, 2022
'Biggest fraud in a generation': The looting of the COVID-19 relief plan known as PPP
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Fraud
Crime
Posted >1 y ago
Responses: 3
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That's what happens when you give out free money. People just can't help themselves.
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CPT (Join to see)
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And... wait for it.... —> another investigation (sic) will be forthcoming!
https://www.youtube.com/watch?v=yoy4_h7Pb3M
https://www.youtube.com/watch?v=yoy4_h7Pb3M
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Huh.
This probably isn’t the place to point out that the PPP was enacted on 27 March 2020 under President Trump… The only piece Biden touched was the PPP Extension Act of 2021 that changed the covered period from March 2021 to June 2021.
More in-depth story:
https://www.nbcnews.com/politics/justice-department/biggest-fraud-generation-looting-covid-relief-program-known-ppp-n1279664
This probably isn’t the place to point out that the PPP was enacted on 27 March 2020 under President Trump… The only piece Biden touched was the PPP Extension Act of 2021 that changed the covered period from March 2021 to June 2021.
More in-depth story:
https://www.nbcnews.com/politics/justice-department/biggest-fraud-generation-looting-covid-relief-program-known-ppp-n1279664
Theft from the Covid relief plan known as PPP was even worse than we thought
The official in charge of Covid relief tells NBC News' Lester Holt that programs like PPP were structured in ways that were "an invitation" to fraudsters.
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CWO4 Terrence Clark
To the contrary, this is ONE of the places this should be discussed. Many folks talk about term limits. Not a bad idea, but more important is term limits and accountability on the legions of faceless, unelected beauracrats who execute legislation such as this. They are not incintivized to take a fiduciary approach to dispensing monies. They are in no danger of losing their jobs. Taking out the beauracat trash is something both sides of the aisle should find common ground in.
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CW4 Guy Butler
CWO4 Terrence Clark Most of those bureaucrats that make decisions already have term limits in place as political appointees. The ones in charge of PPP got canned on January 20, 2021.
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