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I went through some of the PPP records and found some seemingly fraudulent things, like a youth baseball club receiving an absurd amount of money. Was it poor
by fullstop 4y ago
I went through some of the PPP records and found some seemingly fraudulent things, like a youth baseball club receiving an absurd amount of money.
Was it poor record keeping or was it fraud? Companies sprang up just in time to receive loans, including a bunch in California named things like "88 Cloud Computing". All of the names in this case had 88 in them, which is often code for neo-nazi crap (88->HH->Heil Hitler).
It helped those who needed it, sure, but the deliberate sabotage of record keeping and oversight seems intentional.
- 55555 4y agoSequential 8s are also lucky in Chinese.
- fullstop 4y agoThe person who filed the paperwork for these companies had an Asian surname, so this is far more likely.
- md_ 4y agohttps://www.cbsnews.com/sanfrancisco/news/lebnitz-tran-san-jose-ppp-covid-loan-fraud-luxury-lifestyle/ https://www.cbsnews.com/sanfrancisco/news/lebnitz-tran-san-j... Those four companies - 88 Cloud Computing LLC, 88 Enterprise Services LLC, 88 Investment Empire LLC and 88 Venture Capital LLC - each received between $350,000 and $1 million in loans within the span of a week in June 2020. The four companies purportedly provide cloud computing and investment services and two of them listed 24 employees each; however the address of all four businesses is a home in an affluent South Bay suburb.
- troon-lover 4y ago