Big Business Stole Your Stimulus Money
With the help of their friends in Congress and the paid lobbyists who wrote the law, big publicly traded companies have drained the $2.2 Trillion stimulus money, including the nearly half a Trillion that was intended and sold as help to tide over the small businesses struggling during nationwide house arrest.
“The research shows that several of the companies that have received aid have market values well in excess of $100 million, including DMC Global ($405 million), Wave Life Sciences ($286 million) and Fiesta Restaurant Group ($189 million). Fiesta, which employs more than 10,000 people, according to its last reported annual number, received a PPP loan of $10 million, Morgan Stanley’s data showed,” CNBC reported."
LOOPHOLE big enough to drive a train through:
"Massive restaurant chains have also cashed in. While the PPP was designed for companies with fewer than 500 employees, restaurants and hotels were exempt from the limit if they had fewer than 500 employees per location."