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A comment on Is America Inc getting less dynamic, less global and more monopolistic?. Parent comment

Re:Is America Inc getting less dynamic, less global and more... by whateveracct on Thursday September 16, 2021 @12:40AM (#28548095)
How would that work? Collect PPP and use it to pay yourself salary? I thought you had to show the people were already employed and paid when you apply. I'm sure it was a mess though.
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Re:Is America Inc getting less dynamic, less global and more... by tppiotrowski on Thursday September 16, 2021 @12:43AM (#28548112)
Sole proprietors were eligible for PPP to cover lost income but it was based on previous years Schedule C so first year business owners likely couldn't apply
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Re:Is America Inc getting less dynamic, less global and more... by syshum on Thursday September 16, 2021 @12:08PM (#28553564)
That is if you assume people played by the rules, and there was actually validation controls in place

from what I have seen of the PPP and other covid programs the concern was getting the money out as fast as possible not validating claims. There was a SHIT ton of fraud... most of which will never be discovered

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Re:Is America Inc getting less dynamic, less global and more... by fragmede on Thursday September 16, 2021 @06:25AM (#28549953)
Your hypothetical scammer just got $20,000 deposited into their bank account. I don't think adhering to the letter of the loan, and repaying it, is a huge concern of theirs. Withdraw it all, and go live somewhere cheap for a couple years.
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