How The PPP Loan Defrauded The American People | Multi Level Mondays

iilluminaughtii

Blair Zoń

Documentary, Education, Business, Society & Culture

4.4 • 961 Ratings

🗓️ 12 September 2022

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Go to http://hellofresh.com/MLM16 and use code MLM16 for 16 free meals across 7 boxes. Go to http://issuu.com/podcast and use promo code MLM to get a free account or 50% off an annual premium account. Go to http://blueland.com/MLM for 15% off your first order. Welcome to Multi Level Mondays, a weekly series all about multi level marketing, pyramid schemes, and ponzi schemes. PPP Loan Fraud or Covid Relief fraud has been called the largest fraud in a generation. Billions were set aside during the pandemic to help keep workers employees. However, these fraudsters didn’t just use it for personal gain, but took this money out of the pockets of those who really needed it. Those that took part in this fraud are still being caught and punished now, and business owners are still feeling the effects. Connect with me: https://linktr.ee/iilluminaughtii Sources: https://justpaste.it/3vntq Writers/Researchers/Helpers: Ali Z-B This episode was edited and mixed by: G. Thomas Craig Album cover art created by: Betsy Primes Intro Song Credits: Last to Fall- Will Van De Crommert Outro Song Credits: Sacred and Profane- Nicholas Rowe Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This back to school season let Hello Fresh handle dinner.
0:03.2	Their quick and easy meals take the stress out of meal time,
0:05.8	even on hectic weeknights.
0:07.3	Get 16 free meals across seven boxes with code
0:10.0	MLM16 at hello fresh.
0:12.0	com slash MLM16 at hello fresh.com slash mlm 16.
0:14.0	COVID crisis has impacted so many industries this year as the virus forced businesses
0:19.0	small businesses were hit extremely hard during the early days of the pandemic.
0:23.0	And many mom and pop shop could have imagined.
0:27.0	Really taking the toll on passengers
0:30.0	from this year,
0:31.0	and China, the epicenter of the outbreak. And many are still struggling to this day.
0:35.0	Supply chains are in absolute shambles.
0:39.3	The job market is highly unusual, and we have a long way to go before any form of normalcy returns.
0:46.6	But back when this was all fresh, your favorite local grocer, the bakery down the street,
0:51.4	and the boutique around the corner were all offered a lifeline, the Paycheck Protection
0:55.6	Program.
0:57.6	Hundreds of billions of dollars and loans were approved within just weeks.
1:01.3	With this money, employees could keep their health benefits, their paychecks, and
1:04.7	feed their families. The PPP was critically important so that these businesses could
1:09.2	jumpstart on the other side of the pandemic. Bank who processed thousands of loans
1:15.3	said that the program was extremely successful
	...

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