PPP fraud is the ‘worst ever’: $200B was stolen and spent on Lamborghinis and beach houses.
If people claim that there is no money for advanced AI, robotics, energy research etc…etc… look closely at the money rolling in and who bought below items.
The fraud was easy to commit. Haywood Talcove, of LexisNexis Risk Solutions, told The Post that all the information had been self-reported.
Talcove explained that during the peak of the pandemic it was difficult to buy luxury items such as a Rolls-Royce or Mercedes high-end because people were walking into the dealership with cash to pay whatever the dealer wanted to charge.
SBA reported that justice may finally be catching some fraudsters. A total of 803 arrests had been made as of May 20, 2023, for pandemic scam.
Source:
https://nypost.com/2023/07/14/ppp-fraud-is-worst-in-history-200b-stolen-splurged-on-lamborghinis-and-bling/
