Many scammers in this world use various ways to earn money. The story here is also similar.
America(America) A fraud during the Corona period is being called the most famous fraud. Recently, thousands of fraudsters have been involved in corruption on the basis of the PPP (Paycheck Protection Program) loan system to obtain $200 billion and buy Lamborghinis, private jet flights, vacation homes, Cartier jewelry with it. found.
It seems that they have illegally used the Covid loan scheme provided during the Corona period and committed corruption.
In 2020 and 2021, the US government will provide approximately $1.2 trillion in cash to various businesses. The covid bailout( COVID Bailout ) allocated under cash. In this order, these funds were spent for financial calamity loan program, paycheck protection program schemes.
However, a related report from the Small Business Administration’s Office of Inspector General (SBA) has made the American government nervous. It has become clear that about 17% of the funds were misused.
It means that the fraud has been done to the extent of 200 billion dollars (about 16 lakh 40 thousand crores).
It is reported that SBA has already investigated many people including former New York Jets wide receiver Josh Bellamy in this case. Donald Finley, the owner of Manhattan theme restaurant Jekyll and Hyde, is on this list. He bought a Nantucket house on Dyonis Beach with a waterfront view by taking a million dollar loan with the help of PPP and EIDLP.
Currently, the Manhattan theme restaurant Jekyll and Hyde is closed. Finley will serve 30 years in prison for the fraud, and will have to pay $3.2 million in restitution and a $1.25 million fine.
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