PPP Loan Update

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. I think majority of black folks who took out loans may have been around $20k. So they may all be safe. However, if $20k is material, then...

In Illinois they’ve started more east of the state and slowly making their way west. So far, I’ve only read stories of Black people getting caught up. I believe I the Joliet area a 17 year old young man got caught up.

nikkas in here like they won't come after anybody that defrauded the government of only 20k right?












RIght?!?!

Good luck and protect your butt to you $20k ass nikkas.

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25 indicted for PPP loan fraud in Will County; some filed while in jail​

CHICAGO (WLS) -- Joliet police and federal authorities announced that 25 people have been indicted for allegedly defrauding the federal Paycheck Protection Program, or PPP, which helped struggling businesses during the pandemic.

Authorities said the alleged offenders obtained loans in the range of $20,000. Many simply wrote down names of fake businesses on their applications.

"These Triple P loans that, if they're obtained fraudulently, they're taking that money out of the businesses in our local area that actually need them," said R. Sean Fitzgerald, acting special agent in charge of the U.S. Department of Homeland Security for the Greater Chicago Area.

The investigation, dubbed "Operation Triple P," targeted people arrested for felony weapons offenses who had also applied for unemployment benefits. The investigation was then able to identify those suspected of defrauding PPP.

"Getting their application, and part of the prerequisites was they cannot have an open felony indictment, which is how came up with our list of candidates," said Joliet Detective James Kilgore.

Police said some of the alleged fraudsters were already in custody, and used phones at the jail to call to complete the fraudulent applications.

"Some of the targets bonded out on their felony cases days after receiving their fraudulent PPP loan," said Joliet Police Chief William Evans.

Police said of the 25 indicted individuals, 15 have been arrested and 10 more are still being sought.

"Without holding offenders accountable, history has proven that bad actors will shamelessly defraud the government and taxpayers in the name of greed," Fitzgerald said.

PPP loan fraud is hardly unique to Will County. It's happening nationwide, and the federal government is currently working to recoup billions of dollars in fraudulent payouts.

25 indicted for PPP loan fraud in Will County; some filed while in jail

Joliet police and federal authorities announced that 25 people have been indicted for allegedly defrauding the federal Paycheck Protection Program.

abc7chicago.com

 

[Samori Toure]

Good luck and protect your butt to you $20k ass nikkas.

----------------

25 indicted for PPP loan fraud in Will County; some filed while in jail​

CHICAGO (WLS) -- Joliet police and federal authorities announced that 25 people have been indicted for allegedly defrauding the federal Paycheck Protection Program, or PPP, which helped struggling businesses during the pandemic.

Authorities said the alleged offenders obtained loans in the range of $20,000. Many simply wrote down names of fake businesses on their applications.

"These Triple P loans that, if they're obtained fraudulently, they're taking that money out of the businesses in our local area that actually need them," said R. Sean Fitzgerald, acting special agent in charge of the U.S. Department of Homeland Security for the Greater Chicago Area.
I
The investigation, dubbed "Operation Triple P," targeted people arrested for felony weapons offenses who had also applied for unemployment benefits. The investigation was then able to identify those suspected of defrauding PPP.

"Getting their application, and part of the prerequisites was they cannot have an open felony indictment, which is how came up with our list of candidates," said Joliet Detective James Kilgore.

Police said some of the alleged fraudsters were already in custody, and used phones at the jail to call to complete the fraudulent applications.

"Some of the targets bonded out on their felony cases days after receiving their fraudulent PPP loan," said Joliet Police Chief William Evans.

Police said of the 25 indicted individuals, 15 have been arrested and 10 more are still being sought.

"Without holding offenders accountable, history has proven that bad actors will shamelessly defraud the government and taxpayers in the name of greed," Fitzgerald said.

PPP loan fraud is hardly unique to Will County. It's happening nationwide, and the federal government is currently working to recoup billions of dollars in fraudulent payouts.

25 indicted for PPP loan fraud in Will County; some filed while in jail

Joliet police and federal authorities announced that 25 people have been indicted for allegedly defrauding the federal Paycheck Protection Program.

abc7chicago.com

But thecoli told me the Feds was not going to be going after the people that got small PPP loans. This is very unusual. I have never known the forensic accountants and legal scholars of thecoli to be wrong. What should I believe now?

 

[Menna]

I got mine through Bank Of America. They solicited me and gave me the application I filled it out they funded me now they say they gave me too much and I have to pay 85% of it back lol...What???

 

[Zime]

I got mine through Bank Of America. They solicited me and gave me the application I filled it out they funded me now they say they gave me too much and I have to pay 85% of it back lol...What???

How much you took?

 

[Zime]

This gotta be a mistake. A breh in Illinois got 20k in ppp fraud and his bail was set at $1 million

 

[Menna]

How much you took?

They gave me 18,500 and forgave like 1,900. If I followed their app and they engaged me I wonder why its a problem now

 

[Master Teacher]

But thecoli told me the Feds was not going to be going after the people that got small PPP loans. This is very unusual. I have never known the forensic accountants and legal scholars of thecoli to be wrong. What should I believe now?

Dumb c00ns like you can't read, these nigggaz literally wrote down the name of fake businesses

if you think most people defrauding was this simply, you're a moron, people know how to defraud the government they do it everyday

only dumb muthaufukkaz like these are getting cut

you one story of somebody getting arrested for every 100,000 people who didn't

 

[Reflected]

But thecoli told me the Feds was not going to be going after the people that got small PPP loans. This is very unusual. I have never known the forensic accountants and legal scholars of thecoli to be wrong. What should I believe now?

That would be silly, they just passed a bill dumping money on the IRS for this specific reason. It's crazy though, without checking the numbers, pretty sure we would be better benefited per tax dollar by putting the money into the IRS to properly pursue the rich as opposed to these PPP scammers.

 

[Samori Toure]

That would be silly, they just passed a bill dumping money on the IRS for this specific reason. It's crazy though, without checking the numbers, pretty sure we would be better benefited per tax dollar by putting the money into the IRS to properly pursue the rich as opposed to these PPP scammers.

But what if the IRS was given of billions to hire over 80,000 employees to do both?

 

[Reflected]

But what if the IRS was given of billions to hire over 80,000 employees to do both?

Of course, it's just, for the past 20+ years the IRS has had its budget slashed solely due to the rich lobbying it, as a result, the IRS only maintains a high rate of cases against the middle class and the poor, cases against the rich have dropped dramatically given the costs to pursue them. Now we have the PPP loans introduced and yeah, people scammed it, but that was the catalyst for funding the IRS again, as opposed to the insane amount we are losing as the rich scam us every year.

How the IRS Was Gutted

An eight-year campaign to slash the agency’s budget has left it understaffed, hamstrung and operating with archaic equipment. The result: billions less to fund the government. That’s good news for corporations and the wealthy.

www.propublica.org

 

[Samori Toure]

Dumb c00ns like you can't read, these nigggaz literally wrote down the name of fake businesses

if you think most people defrauding was this simply, you're a moron, people know how to defraud the government they do it everyday

only dumb muthaufukkaz like these are getting cut

you one story of somebody getting arrested for every 100,000 people who didn't

You one of those crooked dumb ass ignant nikkas they got a PPP loan. Right? Your bytch scared now ain't ya.

 

[CashmereThoughts]

They gave me 18,500 and forgave like 1,900. If I followed their app and they engaged me I wonder why its a problem now

I would dispute it, appeal or whatever and I would file a complaint with CFPB against B of A. You might be able to force B of A’s hand to back down because something unethical occurred in this story.

CFPB is an extremely valuable consumer asset

 

[Jimmy from Linkedin]

They gave me 18,500 and forgave like 1,900. If I followed their app and they engaged me I wonder why its a problem now

Pull all the records you can of it

 

[Master Teacher]

You one of those crooked dumb ass ignant nikkas they got a PPP loan. Right? Your bytch scared now ain't ya.

No I didn't get PPP, I'm just stating facts, going off the dumb ignorant nikkaz is not putting a dent in the people who really know how to commit fraud and can structure the paper work

but you wanna use some ignorant dumb nikkaz who can't scam their way out of a parking lot as some kind of barometer of the success of these people

when you have people who have gotten away with millions dollars not even on their radar

 

[Samori Toure]

No I didn't get PPP, I'm just stating facts, going off the dumb ignorant nikkaz is not putting a dent in the people who really know how to commit fraud and can structure the paper work

but you wanna use some ignorant dumb nikkaz who can't scam their way out of a parking lot as some kind of barometer of the success of these people

when you have people who have gotten away with millions dollars not even on their radar

It is called low hanging fruit. It is always easier to pursue poor and middle class crooks than well heeled crooks who have an army of accountants and lawyers. Broke people should always know that they are food for the IRS and therefore they should avoid actions that put themselves on the IRS radar.