Platinum Contributing Member steve from amherst Posted March 11 Platinum Contributing Member Share Posted March 11 They bought Lamborghinis, Ferraris and Bentleys. And Teslas, of course. Lots of Teslas. Many who participated in what prosecutors are calling the largest fraud in U.S. history — the theft of hundreds of billions of dollars in taxpayer money intended to help those harmed by the coronavirus pandemic — couldn’t resist purchasing luxury automobiles. Also mansions, private jet flights and swanky vacations. They came into their riches by participating in what experts say is the theft of as much as $80 billion — or about 10 percent — of the $800 billion handed out in a Covid relief plan known as the Paycheck Protection Program, or PPP. That’s on top of the $90 billion to $400 billion believed to have been stolen from the $900 billion Covid unemployment relief program — at least half taken by international fraudsters — as NBC News reported last year. And another $80 billion potentially pilfered from a separate Covid disaster relief program. The prevalence of Covid relief fraud has been known for some time, but the enormous scope and its disturbing implications are only now becoming clear. Even if the highest estimates are inflated, the total fraud in all Covid relief funds amounts to a mind-boggling sum of taxpayer money that could rival the $579 billion in federal funds included in President Joe Biden’s massive 10-year infrastructure spending plan, according to prosecutors, government watchdogs and private experts who are trying to plug the leaks. “Nothing like this has ever happened before,” said Matthew Schneider, a former U.S. attorney from Michigan who is now with Honigman LLP. “It is the biggest fraud in a generation.” Most of the losses are considered unrecoverable, but there is still a chance to stanch the bleeding, because federal officials say $600 billion is still waiting to go out the door. The Biden administration imposed new verification rules last year that administration officials say appear to have made a difference in curbing fraud. But they acknowledge that programs in 2020 sacrificed security for speed, needlessly. Justice Department Inspector General Michael Horowitz, who oversees Covid relief spending, told "NBC Nightly News" anchor Lester Holt in an exclusive interview that Covid relief programs were structured in ways that made them ripe for plunder. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Steve753 Posted March 11 Platinum Contributing Member Share Posted March 11 2 minutes ago, steve from amherst said: They bought Lamborghinis, Ferraris and Bentleys. And Teslas, of course. Lots of Teslas. Many who participated in what prosecutors are calling the largest fraud in U.S. history — the theft of hundreds of billions of dollars in taxpayer money intended to help those harmed by the coronavirus pandemic — couldn’t resist purchasing luxury automobiles. Also mansions, private jet flights and swanky vacations. They came into their riches by participating in what experts say is the theft of as much as $80 billion — or about 10 percent — of the $800 billion handed out in a Covid relief plan known as the Paycheck Protection Program, or PPP. That’s on top of the $90 billion to $400 billion believed to have been stolen from the $900 billion Covid unemployment relief program — at least half taken by international fraudsters — as NBC News reported last year. And another $80 billion potentially pilfered from a separate Covid disaster relief program. The prevalence of Covid relief fraud has been known for some time, but the enormous scope and its disturbing implications are only now becoming clear. Even if the highest estimates are inflated, the total fraud in all Covid relief funds amounts to a mind-boggling sum of taxpayer money that could rival the $579 billion in federal funds included in President Joe Biden’s massive 10-year infrastructure spending plan, according to prosecutors, government watchdogs and private experts who are trying to plug the leaks. “Nothing like this has ever happened before,” said Matthew Schneider, a former U.S. attorney from Michigan who is now with Honigman LLP. “It is the biggest fraud in a generation.” Most of the losses are considered unrecoverable, but there is still a chance to stanch the bleeding, because federal officials say $600 billion is still waiting to go out the door. The Biden administration imposed new verification rules last year that administration officials say appear to have made a difference in curbing fraud. But they acknowledge that programs in 2020 sacrificed security for speed, needlessly. Justice Department Inspector General Michael Horowitz, who oversees Covid relief spending, told "NBC Nightly News" anchor Lester Holt in an exclusive interview that Covid relief programs were structured in ways that made them ripe for plunder. What administration started the program? 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted March 11 Author Platinum Contributing Member Share Posted March 11 3 minutes ago, Steve753 said: What administration started the program? Trump obviously as he was pres when covid hit and all the theives in Washington came up with this shit plan. A plan he obviously signed on to.A plan Biden kept going. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted March 11 Platinum Contributing Member Share Posted March 11 Just now, steve from amherst said: Trump obviously as he was pres when covid hit and all the theives in Washington came up with this shit plan. A plan he obviously signed on to.A plan Biden kept going. TrUmPs fAuLt!!11 2 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Steve753 Posted March 11 Platinum Contributing Member Share Posted March 11 3 minutes ago, steve from amherst said: Trump obviously as he was pres when covid hit and all the theives in Washington came up with this shit plan. A plan he obviously signed on to.A plan Biden kept going. 2 minutes ago, Skidooski said: TrUmPs fAuLt!!11 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted March 11 Platinum Contributing Member Share Posted March 11 1 minute ago, Steve753 said: If Biden can say he cured the country from Covid blah blah whatever then he owns this as well. If Trump had stayed in I'd say the same for him Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Steve753 Posted March 11 Platinum Contributing Member Share Posted March 11 1 minute ago, Skidooski said: If Biden can say he cured the country from Covid blah blah whatever then he owns this as well. If Trump had stayed in I'd say the same for him The one who started it gets the bigger blame in my opinion. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted March 11 Platinum Contributing Member Share Posted March 11 5 minutes ago, Steve753 said: The one who started it gets the bigger blame in my opinion. Wasn't the CARES Act bipartisan? Quote Link to comment Share on other sites More sharing options...
Mainecat Posted March 11 Share Posted March 11 Corporations are so honest. Quote Link to comment Share on other sites More sharing options...
Roosting Posted March 11 Share Posted March 11 52 minutes ago, Steve753 said: The one who started it gets the bigger blame in my opinion. So since biden opened the border it's all his right? 2 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted March 11 Share Posted March 11 to be fair... it's the Democrats/Republicans AND Trump's fault. Poor governmental oversight or accountability as usual. likely no penalty or criminal convictions either much like the mortgage crisis bailouts. all pArt 0f thE plAn 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Steve753 Posted March 11 Platinum Contributing Member Share Posted March 11 1 minute ago, Roosting said: So since biden opened the border it's all his right? The borders always been open. It was closed after 911 and during pandemic for a brief time. 1 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted March 11 Share Posted March 11 54 minutes ago, Steve753 said: The one who started it gets the bigger blame in my opinion. Trump was lied to regarding covid, Biden mandated a vax that never worked and they knew it before. There is no $$$ in a healthy population. 1 2 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted March 11 Share Posted March 11 Most of you tards would have lost your jobs without PPP. Most Trump tard business owners who complain the most about government took PPP money….hundreds of thousands of dollars. Problem for them is it’s public info. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Steve753 Posted March 11 Platinum Contributing Member Share Posted March 11 2 minutes ago, ArcticCrusher said: Trump was lied to regarding covid, Biden mandated a vax that never worked and they knew it before. There is no $$$ in a healthy population. If he was lied to, why does he continue to say his vax saved 100 million lives? Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted March 11 Share Posted March 11 4 minutes ago, Mainecat said: Most of you tards would have lost your jobs without PPP. Most Trump tard business owners who complain the most about government took PPP money….hundreds of thousands of dollars. Problem for them is it’s public info. No. They never should have shutdown anything. The glorified flu was only a concern for those over 80 and those of poor health. PPP was a con. 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted March 11 Share Posted March 11 8 minutes ago, ArcticCrusher said: Trump was lied to regarding covid, Biden mandated a vax that never worked and they knew it before. There is no $$$ in a healthy population. c0viD here we go again... Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted March 11 Share Posted March 11 5 minutes ago, Steve753 said: If he was lied to, why does he continue to say his vax saved 100 million lives? He's trolling the stupid people like you. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted March 11 Share Posted March 11 Just now, ArcticCrusher said: He's trolling the stupid people like you. 1 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted March 11 Share Posted March 11 Just now, Crnr2Crnr said: Its CNN. Quote Link to comment Share on other sites More sharing options...
Cold War Posted March 11 Share Posted March 11 9 minutes ago, Mainecat said: Most of you tards would have lost your jobs without PPP. Most Trump tard business owners who complain the most about government took PPP money….hundreds of thousands of dollars. Problem for them is it’s public info. Oh fuck off. I never took a dime. My wife and I kept working. She was right in the thick of it every day. Never got a damn dime of Covid money. Bunch of dummies on this site that can’t have a conversation about the weather without bringing up Trump. 3 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Steve753 Posted March 11 Platinum Contributing Member Share Posted March 11 Just now, Cold War said: Oh fuck off. I never took a dime. My wife and I kept working. She was right in the thick of it every day. Never got a damn dime of Covid money. Bunch of dummies on this site that can’t have a conversation about the weather without bringing up Trump. What would you like to discuss then? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Steve753 Posted March 11 Platinum Contributing Member Share Posted March 11 (edited) 5 minutes ago, ArcticCrusher said: Its CNN. It's Trump talking. Does it matter who broadcasts it? He'd be saying the same thing on any channel. Edited March 11 by Steve753 Quote Link to comment Share on other sites More sharing options...
Sled_Hed Posted March 11 Share Posted March 11 18 minutes ago, Mainecat said: Most of you tards would have lost your jobs without PPP. Most Trump tard business owners who complain the most about government took PPP money….hundreds of thousands of dollars. Problem for them is it’s public info. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Steve753 Posted March 11 Platinum Contributing Member Share Posted March 11 22 minutes ago, Mainecat said: Most of you tards would have lost your jobs without PPP. Most Trump tard business owners who complain the most about government took PPP money….hundreds of thousands of dollars. Problem for them is it’s public info. Probably the other way around. Most of the states that had prolonged shutdowns were democrat. Quote Link to comment Share on other sites More sharing options...
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