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EXCLUSIVE: It pays to be rich! America's wealthiest, including Tom Brady, Khloe Kardashian, Reese Witherspoon, Kanye and Nancy Pelosi's husband took millions in PPP loans – and nearly all have been Forgiven


The companies of mega-rich celebrities, including billionaires Kanye West and Jay-Z, received millions in government PPP loans – and in virtually every case the A-listers have been let off the hook for paying back the full amount.

For the first time, DailyMail.com can reveal the exact amounts that these wealthy companies got through the Payment Protection Program, which was set up for desperate businesses hit by the Covid pandemic.

In all but two of the cases we examined, the company was 'forgiven' despite the star owners being multi-millionaires. The status of the others is unknown.

The loan program cost US taxpayers $953billion, with the University of Texas estimating that 15 percent of PPP claims – around $76 Billion – were fraudulent.

61468993-11113221-image-a-2_1660742842175.jpg

DailyMail.com can now reveal the exact amounts that these millionaires – and some billionaires – took out via the government program

Wealthy Khloe Kardashian and Reese Witherspoon got millions in PPP loans they didn't pay back | Daily Mail Online
 
EXCLUSIVE: It pays to be rich! America's wealthiest, including Tom Brady, Khloe Kardashian, Reese Witherspoon, Kanye and Nancy Pelosi's husband took millions in PPP loans – and nearly all have been Forgiven


The companies of mega-rich celebrities, including billionaires Kanye West and Jay-Z, received millions in government PPP loans – and in virtually every case the A-listers have been let off the hook for paying back the full amount.

For the first time, DailyMail.com can reveal the exact amounts that these wealthy companies got through the Payment Protection Program, which was set up for desperate businesses hit by the Covid pandemic.

In all but two of the cases we examined, the company was 'forgiven' despite the star owners being multi-millionaires. The status of the others is unknown.

The loan program cost US taxpayers $953billion, with the University of Texas estimating that 15 percent of PPP claims – around $76 Billion – were fraudulent.

61468993-11113221-image-a-2_1660742842175.jpg

DailyMail.com can now reveal the exact amounts that these millionaires – and some billionaires – took out via the government program

Wealthy Khloe Kardashian and Reese Witherspoon got millions in PPP loans they didn't pay back | Daily Mail Online
Why did you give Kushner a pass when he took more then Pelosi? Are you being a massive hack?
 
EXCLUSIVE: It pays to be rich! America's wealthiest, including Tom Brady, Khloe Kardashian, Reese Witherspoon, Kanye and Nancy Pelosi's husband took millions in PPP loans – and nearly all have been Forgiven


The companies of mega-rich celebrities, including billionaires Kanye West and Jay-Z, received millions in government PPP loans – and in virtually every case the A-listers have been let off the hook for paying back the full amount.

For the first time, DailyMail.com can reveal the exact amounts that these wealthy companies got through the Payment Protection Program, which was set up for desperate businesses hit by the Covid pandemic.

In all but two of the cases we examined, the company was 'forgiven' despite the star owners being multi-millionaires. The status of the others is unknown.

The loan program cost US taxpayers $953billion, with the University of Texas estimating that 15 percent of PPP claims – around $76 Billion – were fraudulent.

61468993-11113221-image-a-2_1660742842175.jpg

DailyMail.com can now reveal the exact amounts that these millionaires – and some billionaires – took out via the government program

Wealthy Khloe Kardashian and Reese Witherspoon got millions in PPP loans they didn't pay back | Daily Mail Online
Paul Pelosi. Nice.
 
EXCLUSIVE: It pays to be rich! America's wealthiest, including Tom Brady, Khloe Kardashian, Reese Witherspoon, Kanye and Nancy Pelosi's husband took millions in PPP loans – and nearly all have been Forgiven


The companies of mega-rich celebrities, including billionaires Kanye West and Jay-Z, received millions in government PPP loans – and in virtually every case the A-listers have been let off the hook for paying back the full amount.

For the first time, DailyMail.com can reveal the exact amounts that these wealthy companies got through the Payment Protection Program, which was set up for desperate businesses hit by the Covid pandemic.

In all but two of the cases we examined, the company was 'forgiven' despite the star owners being multi-millionaires. The status of the others is unknown.

The loan program cost US taxpayers $953billion, with the University of Texas estimating that 15 percent of PPP claims – around $76 Billion – were fraudulent.

61468993-11113221-image-a-2_1660742842175.jpg

DailyMail.com can now reveal the exact amounts that these millionaires – and some billionaires – took out via the government program

Wealthy Khloe Kardashian and Reese Witherspoon got millions in PPP loans they didn't pay back | Daily Mail Online
This is what happens when the federal government gets involved in anything. Congressmen are all incompetent morons.
 
Follow the money: How Schools Spent their Billions in COVID-19 Relief Funds

Schools have raked in roughly $190 billion in COVID-19 relief funds that education advocates argued were desperately needed to help the system recover from the pandemic.

But more than two years into the recovery, some schools have not yet spent piles of cash Congress handed them through three separate stimulus bills.

And in places where the spending is underway, COVID-19 relief dollars have sometimes funded projects that have seemingly little to do with the stated aim of returning public schools to normal.

Some spending choices have fallen squarely at the intersection of COVID-19 responses and classroom culture wars.

A number of states and districts have chosen to invest their stimulus money into deepening a left-wing ideology in schools.

For example, in North Dakota, some education stimulus funds were spent on an “equity audit.”

The state spent COVID-19 funding on a partnership with an outside group created to investigate whether the policies in four of its school districts “either erase or exacerbate inequity.”

Schools in California spent $1.5 billion on teacher training that included “implicit bias training.”

New York pledged to center its COVID-19 relief spending decisions on “diversity, equity, and inclusion.” Two goals of the state’s COVID-19 spending plan for schools involved “providing staff development on topics such as culturally responsive sustaining instruction and student support practices, privilege, implicit bias” and “helping students learn about themselves and various aspects of their identities.”

Other stimulus-funded school projects have had even less to do with COVID-19 recovery.

A number of schools have built lavish new sports facilities, such as football stadiums or workout rooms, that their normal budgets couldn’t cover.

In Whitewater, Wisconsin, for example, one school district used the $2 million in federal stimulus funding it received in 2021 to cover the normal operating expenses in its budget. District officials then used the money that had been freed up to build synthetic turf football, baseball, and softball fields at schools, the Associated Press reported .

However, in some cases, schools simply haven’t had the time or ability to spend all of the money they have received.

Follow the money: How schools spent their billions in COVID-19 relief funds
 
Why did you give Kushner a pass when he took more then Pelosi? Are you being a massive hack?
Ask Chris White at the DailyMail.com. He is the one that wrote the article.

Political figures also cashed in on the government program.

Jared Kushner's family were granted three PPP loans for their various businesses.

The Kushner family's newspaper publisher Observer Holdings, LLC was approved in the first round of loans on April 27, 2020. The company got a $800,407 loan used toward payroll, utilities, rent and saved 41 jobs.

The loan, including interest, was forgiven in full.

The Kushner family hotel business Princeton Forrestal, LLC was approved for a $1,569,977 loan also in April 2020. The funds went to payroll, saving 196 jobs. The loan, including interest, was cleared.

Esplanade Livingston, LLC, which owns the land housing Kushner's family's Westminster Hotel in New Jersey, was granted a $630,735 loan, which went to paying 56 employees. The entire loan was forgiven.


House Speaker Nancy Pelosi's husband Paul Pelosi has a 8.1percent share in EDI Associates, a restaurant business which took out two PPP loans.

EDI Associates, based in San Rafael, was granted a $711,708 loan. The loan went to the salaries of 52 employees.

EDI Associates, this time based in Sonoma, California, applied for a loan in February 2021, and was granted $996,392.

In both cases, the loans, including interest, were forgiven.
 
Follow the money: How Schools Spent their Billions in COVID-19 Relief Funds

Schools have raked in roughly $190 billion in COVID-19 relief funds that education advocates argued were desperately needed to help the system recover from the pandemic.

But more than two years into the recovery, some schools have not yet spent piles of cash Congress handed them through three separate stimulus bills.

And in places where the spending is underway, COVID-19 relief dollars have sometimes funded projects that have seemingly little to do with the stated aim of returning public schools to normal.

Some spending choices have fallen squarely at the intersection of COVID-19 responses and classroom culture wars.

A number of states and districts have chosen to invest their stimulus money into deepening a left-wing ideology in schools.

For example, in North Dakota, some education stimulus funds were spent on an “equity audit.”

The state spent COVID-19 funding on a partnership with an outside group created to investigate whether the policies in four of its school districts “either erase or exacerbate inequity.”

Schools in California spent $1.5 billion on teacher training that included “implicit bias training.”

New York pledged to center its COVID-19 relief spending decisions on “diversity, equity, and inclusion.” Two goals of the state’s COVID-19 spending plan for schools involved “providing staff development on topics such as culturally responsive sustaining instruction and student support practices, privilege, implicit bias” and “helping students learn about themselves and various aspects of their identities.”

Other stimulus-funded school projects have had even less to do with COVID-19 recovery.

A number of schools have built lavish new sports facilities, such as football stadiums or workout rooms, that their normal budgets couldn’t cover.

In Whitewater, Wisconsin, for example, one school district used the $2 million in federal stimulus funding it received in 2021 to cover the normal operating expenses in its budget. District officials then used the money that had been freed up to build synthetic turf football, baseball, and softball fields at schools, the Associated Press reported .

However, in some cases, schools simply haven’t had the time or ability to spend all of the money they have received.

Follow the money: How schools spent their billions in COVID-19 relief funds
Luther should love this garbage
 
There is nothing to back up over my statement, I am vaccinated and I have not had covid or missed work. There is nothing to back up. I lived it, I did it and now you
all can live with it or get over it......move on.
I have already addressed everything
So, if you arent willing to have a discussion and back up your thoughts, when pressed why make the comment in the first place. Besides an attempt to stir the pot just to stir the pot.
 
The loan program cost US taxpayers $953billion, with the University of Texas estimating that 15 percent of PPP claims – around $76 Billion – were fraudulent.
I will eat my hat if the actual number is even remotely close to this. My wife filed for PPP for her employer, she was so worried about managing the federal audit it triggered and what if her paperwork wasn't all in order. I said they have opened up a $1T trough with almost zero requirements, it will be so full of grifters and conmen you'll pass with flying colors.
 
I will eat my hat if the actual number is even remotely close to this. My wife filed for PPP for her employer, she was so worried about managing the federal audit it triggered and what if her paperwork wasn't all in order. I said they have opened up a $1T trough with almost zero requirements, it will be so full of grifters and conmen you'll pass with flying colors.
Yeah, the fraud/waste is probably more like 50%.
 
Yeah, the fraud/waste is probably more like 50%.
That coupled with the near certainty that the govt would eventually throw up their hands and start forgiving the loans en masse because it had no chance of monitoring that much money. But they would sell it as compassion for the little man. This and the UI debacle was a grifters dream come true.
 
I will eat my hat if the actual number is even remotely close to this. My wife filed for PPP for her employer, she was so worried about managing the federal audit it triggered and what if her paperwork wasn't all in order. I said they have opened up a $1T trough with almost zero requirements, it will be so full of grifters and conmen you'll pass with flying colors.

My wife has small consulting business that does COVID Employee Retention Credit work. There's so many bad actors out there right now. If the IRS hires some of the 87,000, it going to be bad news for small businesses that used a less than reputable firm to prepare fraudulent claims...
 
My wife has small consulting business that does COVID Employee Retention Credit work. There's so many bad actors out there right now. If the IRS hires some of the 87,000, it going to be bad news for small businesses that used a less than reputable firm to prepare fraudulent claims...
Good. Screw them. I am rarely on the side of the IRS, but if you lied during Covid, then I hope you go to jail for a long ass time.
 
Good. Screw them. I am rarely on the side of the IRS, but if you lied during Covid, then I hope you go to jail for a long ass time.

The issue is there are "consulting" firms selling this to businesses and taking huge contingency fees. A couple of years later, the IRS will get to these claims and the "consulting" firms will be nowhere to be found. It sucks for the businesses that trusted these firms..
 
Good. Screw them. I am rarely on the side of the IRS, but if you lied during Covid, then I hope you go to jail for a long ass time.

I have no issues with IRS going after fraud, whether it being ERTC fraud, PPP fraud, or Earned Income Tax Credit fraud. I think the IRS should invest more in technology than bureaucracy but there is so much low hanging fruit if they want to go after it ..
 
I have no issues with IRS going after fraud, whether it being ERTC fraud, PPP fraud, or Earned Income Tax Credit fraud. I think the IRS should invest more in technology than bureaucracy but there is so much low hanging fruit if they want to go after it ..

Technology doesn’t pay union dues that get donated to PACs and campaigns.
 
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Technology doesn’t pay union dues that get donated to PACs and campaigns.

Both sides will use this bureaucracy to their benefit. The Dems will use it to go after the rich and small businesses. The Rs (just like they did under Trump) will use it to combat Earned Income Tax Credit fraud and "woke" companies....
 
Both sides will use this bureaucracy to their benefit. The Dems will use it to go after the rich and small businesses. The Rs (just like they did under Trump) will use it to combat Earned Income Tax Credit fraud and "woke" companies....

You’re probably correct
 

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