Everyone knows one or more than one business owner in their sphere of influence who took PPP loans without any urgent need for the funds. They took them, reserved for them just in case they needed to return the funds, but ultimately got free money. Is that fraud....or is it just wrong?
Everyone knows one or more than one business owner in their sphere of influence who took PPP loans without any urgent need for the funds. They took them, reserved for them just in case they needed to return the funds, but ultimately got free money. Is that fraud....or is it just wrong?
Hmm. Not sure how if it was ultimately “free money” that the gov can make a claim that you committed fraud. Now, there is the conundrum of the government doing whatever it wants. However, to answer your question, if it’s wrong, it’s not right. The perpetrator has to judge himself.
I know of a attorney who took 2 PPP loans totalling nearly 900k and had them forgiven. I have first hand knowledge of how he didn't use the money to retain single employee, and how he also simultaneously was paid easily that much by one client for doing almost no work (no litigation whatsoever). He's just one of many. It's disgusting.
Everyone knows one or more than one business owner in their sphere of influence who took PPP loans without any urgent need for the funds. They took them, reserved for them just in case they needed to return the funds, but ultimately got free money. Is that fraud....or is it just wrong?
Hmm. Not sure how if it was ultimately “free money” that the gov can make a claim that you committed fraud. Now, there is the conundrum of the government doing whatever it wants. However, to answer your question, if it’s wrong, it’s not right. The perpetrator has to judge himself.
I know of a attorney who took 2 PPP loans totalling nearly 900k and had them forgiven. I have first hand knowledge of how he didn't use the money to retain single employee, and how he also simultaneously was paid easily that much by one client for doing almost no work (no litigation whatsoever). He's just one of many. It's disgusting.
Using one of Jeff’s childerisms, the atty is doing a sprint to the hot place. He’ll have to account.