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ELI5 How did people steal PPP loans? Was it really easy or did they just know how to get around the red tape and stuff? (lemmy.world)
submitted 2 months ago by Don_Dickle@lemmy.world to c/explainlikeimfive@lemmy.world
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I ask because a couple in a state next to me just pled guilty for stealing not one PPP loan at 2.1 million and a second at 1.6 million? Did I miss out on something by being above board?

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[-] TheDuffmaster@lemmy.world 27 points 2 months ago

A lot of large companies would file with their subsidiaries, pretending to be much smaller companies and thus eligible for these loans meant for small businesses.

this post was submitted on 31 Aug 2024
83 points (94.6% liked)

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