It didn’t help the case of the rapper, whose real name is Fontrell Antonio Baines, that the names on the envelopes he flashed in the video were real victims of his identity theft, according to court documents.
There’s also David Adler Staveley, one of the first people to be charged last year with pandemic fraud. After he was arrested and released on home detention, he faked a suicide, leaving his car near the ocean and a suicide note inside. He pleaded guilty last week to charges of conspiracy stemming from the loan scam and failure to appear, stemming from his fake suicide.
Do None Of The Ps In âPPPâ Stand For Ponzi?
How about âpersonal trading accountsâ? âPoor performanceâ? No?
Author:
How about âpersonal trading accountsâ? âPoor performanceâ? No?
Hedge funds, former Treasury Secretary Steve Mnuchin belatedly and no doubt rather unhappily made clear after his former colleague Anthony Scaramucci inadvertently forced his hand, were not supposed to be eligible for the Paycheck Protection Program, under which the federal government (through some less-than-disinterested intermediaries) has handed out more than a half-trillion dollars in forgivable low-interest loans designed to keep their employees on the payroll and off the dole. Of course, lots of people decided to ignore that part of the bargain. One man (a Citadel alum, no less) allegedly decided to do so in concert with disregarding the sign that read “no hedge funds allowed,” along with other annoying laws, rules and regulations for good measur
Reuters/Lucas Jackson
New York City prosecutors charged a man with stealing over $2.4 million through PPP loans.
The man is accused of applying for five PPP loans and lying about the number of employees he had.
Prosecutors alleged he transferred the vast majority of the money to personal trading accounts.
A New York City investment manager was charged Friday with stealing more than $2.4 million from five lending institutions through Payment Protection Program loans, prosecutors said in a statement.
Gregory Blotnick, 33, is accused of applying for five separate PPP loans between April 2020 and August 2020, and lying about the number of employees he had at his companies, Brattle Street Capital LLC and BSC Management LLC.