Widespread Fraud Running Rampant With Small Business Stimulus Loans

Via America's Lawyer: The paycheck protection program is ripe with fraud. Mike Papantonio & Farron Cousins discuss. Become a member today!:    / @theringoffire   Support us by becoming a monthly patron on Patreon, and help keep progressive media alive!:   / theringoffire   Find our merchandise at Teespring: https://teespring.com/stores/rof-store Spread the word! LIKE and SHARE this video or leave a comment to help direct attention to the stories that matter. And SUBSCRIBE to stay connected with Ring of Fire's video content! Support Ring of Fire by subscribing to our YouTube channel:    / theringoffire   Be sociable! Follow us on: Facebook:   / ringoffireradio   Twitter:   / ringoffireradio   Google+: http://plus.google.com/11841583157319... Instagram:   / ringoffirenetwork   Follow more of our stories at http://www.TROFIRE.com Subscribe to our podcast: http://www.ROFPodcast.com *This transcript was generated by a third-party transcription software company, so please excuse any typos. The paycheck protection program is ripe with fraud. It's an ugly story, isn't it? It is. This was the PPP loans, the ones that were meant to keep small businesses afloat and, you know, we had already talked about all the big businesses coming in and snatching up all the money. But now what we're seeing is they were also doing that while committing massive amounts of fraud. Because a lot of what happens here, according to the inspector general's report is that you do have these companies that create a shell company, essentially. Just a name only type company. They apply for a loan. They get alone and only after the fact do they find out, well, wait a minute that they didn't even have a bank account. They didn't have any employees. Yeah. They didn't have anything. This company doesn't exist and we just gave them a million dollars. Okay. It starts off SBA doesn't want to release the material. Now, now, now the DOJ has to do something. That's the problem that they, that's the, that's the trap that they're in right now. #rof #trofire #theringoffire #progressivenews