OR- they could just be honest and not apply for loans they didn’t need
FBI's Message To PPP/PUA Scammers- "We are coming for you"
- Thread starter Mega
- Start date
Nick Street
All Star
PPP was a simple application process designed for quick emergency approval. Basically it was an automated approval process (for the most part). They release the funds and THEN investigate anomalies after the fact. That's how the program was set up.
That money was for businesses to cover salaries of employees so they wouldn't lay those people off because of covid. It's nothing for the IRS to determine that you had no buisness and no employees (and thus shouldn't have received PPP) just based on tax information. They have the information, if they decide to get you they'll get you.
That money was for businesses to cover salaries of employees so they wouldn't lay those people off because of covid. It's nothing for the IRS to determine that you had no buisness and no employees (and thus shouldn't have received PPP) just based on tax information. They have the information, if they decide to get you they'll get you.
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Rembrandt
the artist
That nikka is playing PUBG every day lmao. Idk why ppl still think bro is locked up but it is a funny running joke
Who knew so many people didn’t know the difference between right and wrong??People in this thread excusing federal felonies on some “well they shouldn’t have made it easy to get loans”
That’s how I see it. I understand @Luke Cage ’s perspective that there should be proper due diligence/ checks and balances. (I’m of the opinion that the govt deliberately made these proceeds “easy” to obtain for nefarious reasons, but that’s a whole other story)OR- they could just be honest and not apply for loans they didn’t need
But as you said- an honest person is not going to participate off having an obligation to not steal. But a person who is morally compromised in the first place- is going to take advantage of the scheme. This was nothing but an internet “bait car”, those who had the foresight will avoid the trap. Then you have the those who thought it was valid to set up fake businesses while buying designer and high price tag items not realizing that they were being traced/flagged as soon as they deposited the funds. Idk about you, but walking around day to day paranoid off a $40k lick wondering when will be the day when the feds or DTs sweep in isn’t a way of life. It could be 6months to 7 years later, people think they got away and here come the 3 letter boys showing up at your house while you’re watching a movie all comfortable, fixing dinner, getting ready for work, talking to your neighbor
That’s not how this works. Lol.
These are not corporations that took the money where they could get a Deferred Plea Agreement, restitution and a fine. The govt arresting these petty thieves is punishment and sending a message. Not saying they’re going to hit people with RICO charges but they are making people sit down for 2 years or more depending on the amount stolen. 2 years to regular people with no priors, who thought they had a temporary come up is enough to cause a major disruption in their life.
sayyestothis
Free the guys
Naaaah. But they'll be a rack of chargers and accordshoping i can get a g wagon for 70k
Right and wrong lol
Then you see stories like this and know that the actual millionaires/ billionaires behind the banking schemes will not likely be arrested
www.bloomberg.com
Patrice Lescaudron, the fraudster at the heart of the case, faked signatures and contrived dummy portfolio statements to illegally transfer millions, primarily from the accounts of his biggest client, Georgian billionaire Bidzina Ivanishvili, in a desperate bid to cover growing losses in other clients’ portfolios. That led to Lescaudron’s conviction for fraud and forgery and imprisonment in 2018.
Credit Suisse has never been directly implicated by a prosecutor in the scandal. If a full indictment is issued against the bank it’ll be just the second time a major lender has been put on trial in Switzerland. The last one was also against Credit Suisse.
Credit Suisse Prosecutor Finds $60 Million in Money Laundering
A prosecutor has identified more than $60 million that he believes was laundered through Credit Suisse Group AG, in the precursor to what would be just the second Swiss criminal indictment ever against a major local lender.
www.bloomberg.com
Patrice Lescaudron, the fraudster at the heart of the case, faked signatures and contrived dummy portfolio statements to illegally transfer millions, primarily from the accounts of his biggest client, Georgian billionaire Bidzina Ivanishvili, in a desperate bid to cover growing losses in other clients’ portfolios. That led to Lescaudron’s conviction for fraud and forgery and imprisonment in 2018.
Credit Suisse has never been directly implicated by a prosecutor in the scandal. If a full indictment is issued against the bank it’ll be just the second time a major lender has been put on trial in Switzerland. The last one was also against Credit Suisse.
They likely wouldn't care because like i'm saying this is simply a way to arrest people.
