Say It Ain’t So! Black Folks Caught Up In PPP Loan Fraud Which Basically Means “Po People in Prison Loans”

…and yes I do understand that whites have been arrested for using PPP loans to buy multiple multi-million dollar homes, Lamborghini’s and other high end purchases, but I had high hopes that Black folk would know that this was a COMPLETE SET UP! We are ALWAYS being set up because we don’t have shit! You can’t understand that??!!!

Watch the video. Dude looks a little crazy with that hairstyle, but he’s making sense in the video.

I am literally shaking my head because, seriously, are you people THAT dumb?

PPP loan fraud could result in numerous federal criminal charges including wire fraud, bank fraud, mail fraud, and identity theft depending on the circumstances of your case. The federal government has already been aggressively prosecuting individuals who have engaged in illegal conduct on their PPP loan applications. – Hubbs Law Firm

For the love of!!!!

PPP loan fraud schemes ran wild as government doled out billions; at least 120 charged

This week marks one year since David Adler Staveley faked his suicide before going on the run from the law for almost two months after he and a co-conspirator were the first in the nation to be charged with fraud in the Paycheck Protection Program in May 2020.

Last week, Staveley pleaded guilty in a federal court in Rhode Island to conspiracy to commit bank fraud and failure to appear in court.

Also last week, federal prosecutors in California and Texas secured convictions in PPP fraud cases where defendants tried to bilk taxpayers out of millions in forgivable loans meant to save jobs and keep businesses afloat during the COVID-19 pandemic. The major convictions within a span of two days underscore how the Justice Department is cracking down on fraud cases from COVID-19 relief.

Black folks, please read this next line.

The Justice Department has charged more than 120 defendants with fraud related to PPP loans. Some cases are substantial.

Read it again! It says, THE JUSTICE DEPARTMENT has charged….. It does not say, the country sheriff’s office or the Columbus police department or Barney Fife and the Keystone Cops got anything to do with this, it is THE JUSTICE DEPARTMENT which means that you are going to go to FEDERAL PRISON! So, is it going to be worth losing your children, your freedom and all over some superficial shit you purchased just to show off with?

I know that I am talking to myself because the reason you are going to go to prison is because you DON’T READ ANYTHING if it is not scrolling down your ‘smartphone’ which has taken the place of your brain. I have heard about so many people who lied on applications to get those loans, it should just be unbelievable. One Black woman, on her application, stated that she was a real estate agent/broker and the fact of the matter is she has been evicted multiple times, even when she was getting RAP(Rent Assistance Program)money, is a convicted felon several times over, forged her mother’s signature on a lease because she cannot rent an apartment in her name and so no realtor in their right mind would EVER hire her and yet, she applied for a loan for a business that she is going to be laughed out of court and straight into a prison van over. She, hurriedly, signed up for real estate courses as though that is going to be enough to keep her ass out of prison. Another Black woman claimed her daughter’s hair salon as her business and has been buying furniture, a new car, jewelry and taking trips. Someone told me the other day that Atlanta, GA is filled to the brim with Black folks, all of a sudden, driving brand spanking new cars and throwing money around, left and right.

Folks, if it sounds too good to be true, then it is!! What part of, if the federal government is locking up whites for PPP loan fraud, then they are most definitely going to come after your Black ass even for a $10,000 or $20,000 loan, don’t you get???!!!! When have Black people EVER gotten away with ANYTHING???!!! Name one thing!!!

Black people ALWAYS fall for the okie doke; the setup and what’s more, you’re never going to stop because you’ve got to front. You’ve got to buy, buy, buy wigs, nails, bundles of hair, designer shoes, designer clothing, new cars and all while owning nothing that is of any real value or that is making money for YOU. You are too busy handing money over to everyone else and even if you fraudulently obtain money, you still do some dumb shit with it.

And PPP loan fraud is so out of control that it has actually become a joke over on Twitter.

We’re not sure why people are not taking the government seriously.

Or why they think they can get away with lying about businesses and employees when there are so many ways to easily invalidate their loans such as:

payroll taxes and
previously filed business returns

You cannot claim to have a business that you don’t have because you have to pay taxes on that business and you have to have filed business tax returns. So where are YOUR previously filed tax returns for that business you claim to have when you applied to get a Paycheck Protection Program Loan? You are giving false information to various lenders in order to qualify for loans that you are really not qualified for and you believe that when the shit hits the fan, you’re ‘good’? You are so not good. And instead of listening to ‘Pookie’ tell you that he can get you the hook up, you need to tell ‘Pookie’ to take a hike and open a book and educate yourself or at the very least, read up on what qualifies a person to actually take out a PPP loan because actual businesses that needed that money are not going to get approved because the money will have been spent on non-existent businesses.

Black people, you make it too easy for the government to set you up, seriously!!! Why oh why must you always fall for the setup? When will you EVER learn?

2 thoughts on “Say It Ain’t So! Black Folks Caught Up In PPP Loan Fraud Which Basically Means “Po People in Prison Loans”

  1. This wasn’t for a PPP loan, but there’s some people I know who were trying to sign up for tax money fraud to get extra money, which sounds very similar to this PPP loan fraud story. They were trying to get me to sign up for it. I said no because I don’t believe in doing things the fraudulent way. They were mad at me at first until they found out that they didn’t get any money after they signed up and other people they didn’t know were filing fraud taxes in their names. I definitely told them “I told you so”.

    Liked by 1 person

    1. mysparkingthoughts, some people are telling themselves that they are going to be alright just as long as they spend the money on themselves because it is basically, “the biggest government giveaway in history.” I’m just shaking my head. The person who said that obviously fraudulently obtained some money from the government and is trying to reassure themselves that the government is just going to look the other way. I have never stolen anything, nor have I ever obtained anything by lying, nor am I about to start now. If I can’t get it honestly, I’m not getting it. As enslaved as we are outside of a prison, I have no intentions on risking being further enslaved by being dragged into one. And for Black people to not know the deal is ridiculous! Because like I said, “When have Black folks EVER got away with ANYTHING?” I rest my case.

      I am glad that you did not fall for tax fraud or any other fraudulent scheme that someone might have tried throwing at you because it is SO not worth it. Some people may be ‘balling’ now, but eventually, they are going to be doing some other type of ‘balling’ when those silver bracelets are produced.

      mysparkingthoughts, thank you for your comment.

      Liked by 1 person

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