PPP EIDL Update 9-8-20 Second Round PPP & EIDL Coming This Week? PPP Loan Man fakes DEATH

PPP & EIDL could be passed in a Senate Bill this week. Let's HOPE

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A man from Massachusetts has been indicted by the Feds for faking his own death after fraudulently receiving a PPP loan designed to help struggling small businesses

The man received nearly $440,000 in loans fraudulently through the PPP, which he said would pay employees at his multiple restaurants.

After the Feds slapped him with home confinement, he slipped off his ankle bracelet and hit the road.

Once he left his car on a beach in Qunicy and made it seem like he had died, he fled to Tennessee and later Georgia, where he was caught.

This just goes to show that crime never pays and that you should never lie to the Feds.

Meanwhile, the biggest lender of PPP loans is currently investigating their own employees in hopes of finding fraudulent activities regarding these small business loans.
JPMorgan recently sent out a memo to employees explaining that they have seen "conduct that does not live up to our business and ethical principles — and may even be illegal."

The memo also references "instances of customers misusing" these stimulus PPP funds from the SBA.

JPMorgan helped secure 280,000 PPP for over $32 billion, but they fear that some of those loans were obtained fraudulently.

With the Feds on the lookout for PPP and EIDL fraud, I expect to see more stories like this coming from the big banks and lenders in the future.

Finally, it looks like Senate Majority Leader Mitch McConnell may be rolling out the “skinny” stimulus package any day now.

After months of arguing and negotiating, it looks like this upcoming proposal from the GOP will include additional funding for small business relief programs.

That means that another round of PPP and EIDL checks could be coming your way...as soon as this weekend!

If this is true, millions of small businesses across America will be able to get some much needed financial relief during this tumultuous 2020.

I’d love to know, are you interested in a second helping of PPP and EIDL funds?

Let me know in the comments below and stay tuned to this channel for the latest updates on the PPP, EIDL and any other small businesses relief programs that are approved by Congress and signed into law by President Trump.

EIDL that Trump signed into law gave EIDL grants, PPP loan and allows PPP loan forgivenss
Source: https://www.foxbusiness.com/lifestyle/feds-man-who-allegedly-faked-his-own-death-amid-ppp-fraud-charges

https://www.cnn.com/2020/09/08/business/jpmorgan-covid-relief-misuse/index.html

https://www.foxbusiness.com/economy/mcconnell-unveils-gop-targeted-relief-package

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Видео PPP EIDL Update 9-8-20 Second Round PPP & EIDL Coming This Week? PPP Loan Man fakes DEATH канала Andrew Cartwright