Sludge: Trump Admin Did Little to Prevent PPP Fraud, New Report From House Dems Concludes
In several cases that have received heavy press attention, small business owners who said they needed money from the government to stay afloat during the economic downturn have been busted for falsifying information after being caught using the money to purchase luxury items including multiple Lamborghinis. A Florida man purchased a new Lamborghini Huracán EVO, worth $314,000, using taxpayer funding that was supposed to be used to keep his employees paid, while a man in Texas opted to use his bailout funds on Lamborghini’s Urus model, an SUV, as well as a new Ford F-350.
“The Trump administration failed to design and implement a program that would help actual small businesses and their workers, said Kyle Herrig, president of Accountable.US. “Instead, they cut corners and kept the American people in the dark. In the end, the wealthy and well-connected were showered with our tax dollars and fraudsters took advantage of the troubling lack of transparency.”