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Investegate |Atalaya Mining PLC Announcements | Atalaya Mining PLC: Directorate Change

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Televangelist Network Returns Millions in PPP Loan After Buying Private Jet

Televangelist Network Returns Millions in PPP Loan After Buying Private Jet Newsweek 12/15/2020 James Crowley © H. Armstrong Roberts/ClassicStock/Getty Daystar Television networks announced that it would return $3.9 million in PPP loans following questioning from Inside Edition as to whether the church had used the money to purchase a private jet. Daystar Television an evangelical Christian network has reportedly returned millions of dollars it received as a Paycheck Protection Program (PPP) loan, after an investigative report probed whether or not the organization had used the $3.9 million loan to purchase a private jet. The network, which is also categorized as a church and is therefore tax exempt, has denied using the PPP loan to buy the luxury aircraft.

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