Kenneth Gaughan of Washington, D.C., is accused of fraudulently obtaining more than $2.1 million in coronavirus relief loan funding.
Gaughan is also facing a separate charge of defrauding the Catholic Archdiocese of Washington, D.C., of $472,000 from 2010 to 2018.More than $525 billion in loans have been approved through the US government's Paycheck Protection Program, intended to help businesses survive the COVID-19 pandemic. But one man is accused of instead spending $1.5 million of that on a house, a yacht, and a brand-new Kia.
Can't blame him regarding that GT, which man can? Those things outperformed a few porsches.
Is this a Kia commercial? PPP BadJokeFriday
Not cool DougDeMuro
He should definitely be charged for buying a Kia
what!? a kia?
If I was going to steal from the Fed it wouldn’t be to buy a Kia.
I dig the yacht thing, but a KIA? talk about bad taste.
I’m sure he was in desperate need of relief.
Better than buying bonds, Atleast he got something instead of air
Wait. This doesn’t add up
Sensible
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Meet Stephen Ross: Inside his life and $7.2 billion net worth - Business InsiderStephen Ross — Trump donor and Equinox chairman — is reportedly mobilizing a $100 million campaign to elect NYC's next mayor. Take a look at how one of the city's richest residents built his fortune. Unless he is giving it to mayawiley we dont wanna hear it!!!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Santa Barbara County, Prince Harry and Meghan Markle's new home - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Why do we need to talk about it? They are cute they are loved It here in covid it’s harsh just relax be happy enjoy things cuz life is going to get harder
Source: BusinessInsider - 🏆 729. / 51 Read more »
These business owners who took PPP money will have their loan forgiveness reducedSmall businesses that took a forgivable loan through the Paycheck Protection Program and who also took an emergency grant through the Economic Injury Disaster Loan program will see a reduction in their PPP forgiveness. but Mnuchin’s golf club will. PPPFraud CNBC, doing an outstanding job as propaganda managers for the HARRIS-BIDEN campaign. Get a $100 McDonald's Gift Card Now!Get your offer:
Source: CNBC - 🏆 12. / 72 Read more »
D.C. Man Stole $2M Through Pandemic Loans For Fake Support Animal Companies, Feds SayA D.C. man allegedly created fake emotional support animal companies to steal millions in pandemic relief loan funds, spending the money on real estate, a yacht and a sports car. It's not the first time he's been accused of fraud. wamu885 wamu885 Captain Tang, Junior or Jared? wamu885 Assholes...everywhere. wamu885 🤔 💭 Real estate, yacht, sports car, you say.....is his last name Parscale?
Source: NPR - 🏆 96. / 63 Read more »
Super rich barter yachts, mansions, and caviar in pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. PuddlesCarolina No, that’s so wrong it brings tears 😭 to my eyes. Thanks for making the rest of us feel crappy about out lives. So basically boosting the economy bc they spend
Source: BusinessInsider - 🏆 729. / 51 Read more »