Observations and opinions. My opinion and $1 (it was 50 cents but I've adjusted for inflation) will get you a cup of really bad coffee.
Thursday, December 9, 2021
PPP Covid Loans - A Great Program for Revealing Just How Shady Our Country Really Is
"Who can forget now-suspended Markham police Officer Kenneth Muldrow, who received money through a COVID relief loan and denied even owning the company?
After CBS 2 exposed over 1,000 ghost businesses in Markham that received Paycheck Protection Program loans intended for small businesses struggling during the pandemic, viewers raised concerns over your tax dollars." (From CBS Chicago)
"When COVID hit, people masked up, and businesses locked up. And the federal government opened up its wallet through COVID relief loans.
Crooks jumped at the opportunity.
First, CBS 2 found businesses in south suburban Markham that did not exist – but people still got the money. Now, it has all grown bigger.
“It’s a huge problem,” said Department of Homeland Security Special Agent Jeff Strauss.
We have heard from dozens of people since we exposed rampant PPP loan fraud in Markham – many with tips about other questionable small business owners they wanted us to check out.
Take Kelvin Dortch Jr. A quick entry into the PPP loan database reveals he received two loans for $20,000 each. His application claims he operates two barbershops from a house in Dolton."
This is why we can never have anything nice.
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