Fraud-Prone Aid Program Sent $7 Million to Family’s Fake Farms
The PPP program was a fraud bonanza. From Miami to LA to Cleveland people got hip to the “free” money and took what they could. Some, as in this instance, will get caught. Many more will get away with it.
(From Bloomberg)
In all, the owner of the Forestview home and his family members created 72 companies with agrarian-sounding names at three Cleveland-area addresses and then used them to get approval for loans and grants totaling $7.2 million from the Small Business Administration’s Economic Injury Disaster Loan program, state and federal records show. There’s no sign of agricultural activity at any of the locations, or that any of the companies were active before Feb. 1, a requirement for pandemic aid.
This article was originally posted here: https://www.ac2news.com/2020/11/fraud-prone-aid-program-sent-7-million-to-familys-fake-farms/.
