this post was submitted on 31 Aug 2024
83 points (94.6% liked)

Explain Like I'm Five

14021 readers
9 users here now

Simplifying Complexity, One Answer at a Time!

Rules

  1. Be respectful and inclusive.
  2. No harassment, hate speech, or trolling.
  3. Engage in constructive discussions.
  4. Share relevant content.
  5. Follow guidelines and moderators' instructions.
  6. Use appropriate language and tone.
  7. Report violations.
  8. Foster a continuous learning environment.

founded 1 year ago
MODERATORS
sabbah@lemmy.world
AradFort@lemmy.world
rikudou@lemmings.world
Don_Dickle@lemmy.world
Rikudou_Sage@lemmy.world
83
ELI5 How did people steal PPP loans? Was it really easy or did they just know how to get around the red tape and stuff? (lemmy.world)
submitted 2 weeks ago by Don_Dickle@lemmy.world to c/explainlikeimfive@lemmy.world
14 comments fedilink hide all child comments
 

I ask because a couple in a state next to me just pled guilty for stealing not one PPP loan at 2.1 million and a second at 1.6 million? Did I miss out on something by being above board?

you are viewing a single comment's thread
view the rest of the comments
[–] ShepherdPie@midwest.social 17 points 2 weeks ago* (last edited 2 weeks ago)

Another sleazy angle of this was that many of these large recipients somehow had their applications ready to submit literally the second the program became active. This means a lot of legitimate applicants who didn't have access to the forms until the program went live were shut out due to all the funds being used up by the aforementioned individuals.