3 ms·
Bigger than mortgage security fraud? I guess the big difference is that people managed to do the scamming instead of Wells Fargo and Citibank this time.
by quantified 5y ago
Bigger than mortgage security fraud? I guess the big difference is that people managed to do the scamming instead of Wells Fargo and Citibank this time.
- nunez 5y agoDefinitely not, especially since many of the people who received ill-gotten PPP funds haven't been caught and a lot of people were unknowingly taken for a ride during the GFC. The ones that got caught were supremely dumb with the money. One dude in Dallas got busted because he used his PPP loans to buy two houses in cash. Another got busted after buying a Model X _and posting it on social media_. If you're going to rob a bank, don't go on Instagram and put out a Story about how you just bought $FANCY_THING that you obvs couldn't afford just a few days prior