in depth article about the SBA loans and grant fraud ( feds bout to do a sweep fr smh)

[Gus Money]

They can’t catch everyone

Some of you are so fukking goofy. I’ve had the feds pursue my clients for accidentally getting too much SSI back in the 90s and early 2000s so you are delusional if you think they’re just gonna let this slide.

Play Russian roulette with your livelihood, brehs.

 

[Eternally Jaded]

imagine knowing eventually you are going to prison for this shyt.....

You don't know when, but you know its coming. Gotta be an awful feeling

Imagine thinking you could get free money from the government in a time of extreme circumstances, and not understanding they'll find you solely to fukk you with an enormous, barb wire wrapped dikk if you try n get cute with it?

Imagine being that stupid.

 

[Originalman]

I was hearing 2 bands just to fill it out. Now you gotta hide because people gonna feel your paperwork got them hemmed up if they go and "they friend" don't go. This gonna get ugly

Yep folks in the chi told me it was two bands too for some of them. Then they didn't even ask what was said. Come to find out when they looked at the paper work it said they were farmers. Dude I personally know was like damn my cousin got 10k and the paper work said he owns a farm...man we live on the south side ain't no farms out here.

 

[NatiboyB]

no one is going to jail for this....But man they will be over taxed to death. Forget those tax returns and things like that. Now the big money players and the people who did it as a crew not sure about that. But those who just got 10000 or so I wouldn't sweat it unless they are wrapped up in other things.

The people who got the EIDL loan/grant thing as long as they pay it back won't have any issues either. And even if they didn't pay it back they will get their credit hit and taxed to death.

Either way uncle sam will get his money back and than some extras.

They don't have the cells or time to prosecute all of these mofos across all kind of racial lines. People who even make 6 figures plus even did this crap.

 

[Formerly Black Trash]

Yep folks in the chi told me it was two bands too for some of them. Then they didn't even ask what was said. Come to find out when they looked at the paper work it said they were farmers. Dude I personally know was like damn my cousin got 10k and the paper work said he owns a farm...man we live on the south side ain't no farms out here.

I'd be like damn...
Lemme start a farm

 

[Amestafuu (Emeritus)]

some ethiopian chicc in minneapolis i was messing with said she got it , but spent it on miami , vegas etc lol she was broke af

this why poverty is also state of mind

some people who ain't got money wouldn't be able to change their lives much even with it. they don't have plans goals besides spending it.

 

[Originalman]

They can’t catch everyone

Some of you are so fukking goofy. I’ve had the feds pursue my clients for accidentally getting too much SSI back in the 90s and early 2000s so you are delusional if you think they’re just gonna let this slide.

Play Russian roulette with your livelihood, brehs.

Breh the government does not play. I know folks that been hit up with audits cause they aint paid 10k in taxes. Then when the government finds them guilty they tell them pay me the 10k plus 10 to 20k in penalties or you going to jail.

See what folks don't realize is the government probably won't arrest everyone. Normally the government will say hey pay us back with a fine and we won't send you to jail. Then what happens if you don't pay them back they will garnish your check with heavy fines. Then if they can't garbish your check thats when they will throw you in jail.

So that 10k loan may end up being 20k in total due to the government in penalties and fees.

 

[lespaulultra3]

Reading this shyt is hilarious. My boy put me on a a irs scam back in the early 2000s. The scam is still around but I won't say it here. I was barely making 40k at the time and I only took a few thousand each year. I totally forgot about it since I stopped doing it but they ended up hitting me up around 2013. They wanted all the money back plus interest. They threatened to seize my house. I eventually filed for bankruptcy, not just because of that debt but that debt was included. Here in 2020, I'm still paying for it in my bankruptcy.

I only share this because some people think the government will only go after the big fish. I was nowhere near the big fish and they still tried to crush me. I saw this shyt back in March and thought about jumping in but I still had PTSD from dealing with the IRS before. I'm so glad I decided not to jump in this shyt.


Edit: and for the record, I'm not trying to hate on anybody. Hell I hope the people that really needed the money get away with it. All I'm saying is that my whole line of thinking is exactly what's posted here. I thought I was too small to come after and I thought I could slide under the radar. Back then, there were barely cell phones and a lot of paper records were being kept. Yet, we still got caught. I can only imagine how much easier it is today with electronic records and people posting their exploits all over social media.

 

[calixprynce]

this why poverty is also state of mind

some people who ain't got money wouldn't be able to change their lives much even with it. they don't have plans goals besides spending it.

100% agreed. i personally watched a nikka spend 20K in 3 weeks in minneapolis . now he's dead broke . that was eye opening to see it first hand

 

[Originalman]

I'd be like damn...
Lemme start a farm

Breh when he told me that I was like... lord have mercy them folks gonna get everyone on the south side fukk over this SBA loan money.

 

[Deafheaven]

100% agreed. i personally watched a nikka spend 20K in 3 weeks in minneapolis . now he's dead broke . that was eye opening to see it first hand

Wasnt shyt even open here in March I remember cuz my bday is in that month

 

[Originalman]

100% agreed. i personally watched a nikka spend 20K in 3 weeks in minneapolis . now he's dead broke . that was eye opening to see it first hand

Breh one of my homies got 100k cause his mom died and left him an insurance policy. Breh this dude spent the money up in 5 months. Yes 5 freaking months.

Spent it all up on strippers, women, trips to vegas, ATL and California.

Then had a sista I knew who got 20k when her dad died. She spent that shyt up in 2 month. She quit her job moved out from her roommate. Got a 15k brand new car and an apartment by herself. Then was saying how broke she was...

 

[Deafheaven]

Breh one of my homies got 100k cause his mom died and left him an insurance policy. Breh this dude spent the money up in 5 months. Yes 5 freaking months.

Spent it all up on strippers, women, trips to vegas, ATL and California.

Then had a sista I knew who got 20k when her dad died. She spent that shyt up in 2 month. She quit her job moved out from her roommate. Got a 15k brand new car and an apartment by herself. Then was saying how broke she was...

If it was car that holds value not the worst thing...all that other shyt tho

You give me 20k half of that going on fidelity off the rip

 

[Amestafuu (Emeritus)]

100% agreed. i personally watched a nikka spend 20K in 3 weeks in minneapolis . now he's dead broke . that was eye opening to see it first hand

I was in the scamming life breh. the thing with easy money is always that people don't respect it. if i give you 1k you worked for vs 1k you got for "free" the value is the same but the way you view and use it will be 100% influenced by how you got it. earned money is hard to spend.

 

[Amestafuu (Emeritus)]

Reading this shyt is hilarious. My boy put me on a a irs scam back in the early 2000s. The scam is still around but I won't say it here. I was barely making 40k at the time and I only took a few thousand each year. I totally forgot about it since I stopped doing it but they ended up hitting me up around 2013. They wanted all the money back plus interest. They threatened to seize my house. I eventually filed for bankruptcy, not just because of that debt but that debt was included. Here in 2020, I'm still paying for it in my bankruptcy.

I only share this because some people think the government will only go after the big fish. I was nowhere near the big fish and they still tried to crush me. I saw this shyt back in March and thought about jumping in but I still had PTSD from dealing with the IRS before. I'm so glad I decided not to jump in this shyt.

tried to tell these people. that ain't a lick that's a loan... the government LOVES THIS shyt