PPP fraud was fueled in part by brokers taking kickbacks but escaping punishment – Chicago Sun-Times

More than 8,800 people who have CHA vouchers or live in public housing in Chicago obtained more than 10,000 PPP loans totaling more than $190 million, and authorities suspect that much of that was tied to fraud. People living in 5,361 CHA-related households will have to explain whether their loans were legitimate, according to the inspector general for the agency. As of last August, about 40 people had their vouchers revoked by CHA as a result of the still-ongoing investigation.
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Streeterville
2 years ago

And CHA will renew every PPP-loan fraudster’s housing voucher. Crime pays, in Chicago, as proven day after day, year after year. Now go after CPD Internal Investigations Chief Talley – she apparently has a PPP loan too.

JackBolly
2 years ago

RICO What Democrats were involved?

Last edited 2 years ago by JackBolly
9mm
2 years ago

De facto reparations. Move along everyone.

Nick Binotti
2 years ago

The massive number of independent hairdressers and janitors requesting PPP loans in Chicago should’ve set off red flags from the get-go.

debtsor
2 years ago
Reply to  Nick Binotti

The other red-flag is that few of them ever applied for forgiveness. They got the money, and then moved on to the next grift.

John Proud Maga
2 years ago

The woman committed a knowingly committed a crime because she knew she didn’t have a business. This thing about a “broker” (doesn’t exist) is a red herring. Instead of a CHA apartment, the woman should be housed in a federal gray bar hotel for a few years.

debtsor
2 years ago

There’s not enough room in prison for all the people who took fraudulent PPP Loans

Freddy
2 years ago
Reply to  debtsor

Lots of room in Venezuela-Mexico-Central America/etc. Those countries should be empty pretty soon.

Robert L. Peters
2 years ago

I believe those forms were not easy to complete in order to guarantee you’d get the loan. I’m thinking there was a broker or someone that advised them on how to fill out the forms. Can’t give up the broker you go to jail, give up the broker you go to jail for less time.

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