PPP Loan Update

[Tupac in a Business Suit]

Folks don't believe the IRS hired 87,000 new employees, for no reason, do they?

Like I said in a previous thread...if you look up the list of ppl, who received loans, in your respective city, you will realize, it's not an IMPOSSIBLE task, to audit, all those ppl. The reality is, a lot of ppl are gonna need to produce receipts. Obviously others, will slip thru the cracks. Ultimately, who wants to be looking over their shoulder, for the next 10 years. Let's be clear..we already know black folks, in blacker cities (PHI, ATL, etc) will be targeted, first.

This is a fact. I have two family members who were recently hired by the IRS. They are definitely coming and those of you on here that continue to deny this are delusional. notice the Breh who was on here bragging was never seen again on here. If you are on that list, good luck

 

[Koapa]

I think everybody that got <$75k should get probation and their wages garnish until the balance is paid off. No need to completely overload the prisons. The pandemic was unprecedented and Trump administration blocked the Inspector General's oversight of the PPP. Without this oversight maybe a good portion of these applications wouldve gotten rejected.

https://www.washingtonpost.com/business/2020/06/15/inspector-general-oversight-mnuchin-cares-act/

"Government watchdogs warned members of Congress last week that previously unknown Trump administration legal decisions could substantially block their ability to oversee more than $1 trillion in spending related to the coronavirus pandemic."

 

[Absolut]

I think everybody that got <$75k should get probation and their wages garnish until the balance is paid off. No need to completely overload the prisons. The pandemic was unprecedented and Trump administration blocked the Inspector General's oversight of the PPP. Without this oversight maybe a good portion of these applications wouldve gotten rejected.

https://www.washingtonpost.com/business/2020/06/15/inspector-general-oversight-mnuchin-cares-act/

"Government watchdogs warned members of Congress last week that previously unknown Trump administration legal decisions could substantially block their ability to oversee more than $1 trillion in spending related to the coronavirus pandemic."

Garnish someone’s wages, if they even have them, to get 50k back? Not even remotely realistic. Folks can’t pay back 5-10k let alone something like 20K+

 

[Koapa]

Garnish someone’s wages, if they even have them, to get 50k back? Not even remotely realistic. Folks can’t pay back 5-10k let alone something like 20K+

Ask some people who was getting their wages garnished for student loans or child support. It can be done really easily. Its federal so they get there money first.

Also make it to were its exempt from bankruptcy like student loans.

 

[Absolut]

Ask some people who was getting their wages garnished for student loans or child support. It can be done really easily. Its federal so they get there money first.

Also make it to were its exempt from bankruptcy like student loans.

Ask the folks who ain’t paid back a legit loan in decades about it working? The feds gonna let some wire fraud felon get on a 30 year payment plan? If you scammed well into the 5 figures you deserve to go sit away for a few years.

 

[Koapa]

Ask the folks who ain’t paid back a legit loan in decades about it working? The feds gonna let some wire fraud felon get on a 30 year payment plan? If you scammed well into the 5 figures you deserve to go sit away for a few years.

Do you understand what garnishing wages means??

I would make them agree to the freedom offer. Every paycheck and/or every month the feds will take X amount from you.

 

[Absolut]

Do you understand what garnishing wages means??

I would make them agree to the freedom offer. Every paycheck and/or every month the feds will take X amount from you.

Do you understand how long it will take to garnish 50k from someone who may not even be working? That absolutely is not happening, nor should it, for some felon that’s my point

 

[Ill-Mind]

Good luck to whoever thought it was gonna be sweet

 

[Koapa]

Do you understand how long it will take to garnish 50k from someone who may not even be working? That absolutely is not happening, nor should it, for some felon that’s my point

Again ask somebody who got their wages garnished. I can imagine its not a good feeling.

Treat it like probation, either you pay or go do your full time in prison. Hang them payments over their heads for 15-20.

Hell you can drop the requirement to $25k for all I give a damn.

I would only throw them a small bone because Trump blocked the IG from thoroughly reviewing apps. The govt played a huge role in this mess.

 

[Absolut]

Again ask somebody who got their wages garnished. I can imagine its not a good feeling.

Treat it like probation, either you pay or go do your full time in prison. Hang them payments over their heads for 15-20.

Hell you can drop the requirement to $25k for all I give a damn.

I would only throw them a small bone because Trump blocked the IG from thoroughly reviewing apps. The govt played a huge role in this mess.

Yea it’s probably terrible. But I don’t think it’s fair to let that level of fraud off with a slap on the wrist and a decade long or beyond payment plan. Someone trying to skate with 10k? Sure. Pay that back plus another few grand on top over some years. But mid 5 figs? Can sit away for a few and get out and check that “yes” box to being a felon for the rest of your life

 

[JordanwiththeWiz]

Dudes in here celebrating like they getting a cut. They literally print money daily. I’m not hating on nobody for coming up. You get caught you knew the consequences it is what it is. I don’t wish jail on nobody. I know this gonna hit black people the hardest. If you did the shyt I hope it’s slap on wrist and you just gotta pay it back over time.

 

[Sindicated]

What happened to breh on here who said the sht was easy

Dude aint been on this shyt since April 2020 if he smart he in a country with no extradition, sniffing blow off a big titty anime looking japanese bih.

 

[IWasntMadeToPlayTheSon]

I know pl that took a loan 2x their money and paid it back before any red flags

 

[Still Benefited]

Expecting people to get caught would be expecting government competence. And why would you expect that,considering this was allowed to happen in the first place lol.

 

[MidwestD]

Dudes in here saying that people that just took a "small 70k" should be good