Jul 16, 2023
PPP fraud is ‘worst in history’: $200B stolen and blown on Lamborghinis, beach houses and bling
Posted by Dan Kummer in categories: biotech/medical, robotics/AI
When people say there s no money for advanced AI research, robotics research, energy research, etc… etc… take a close look at who was rollin in money and buyin below items.
“The fraud was so easy to commit. All of the information was self-reported and none of it was verified or checked,” Haywood Talcove of LexisNexis Risk Solutions told The Post.
“During the height of the pandemic, it was really hard to purchase [luxury] items like a Rolls-Royce, or a high-end Mercedes because you had people walking in with cash from the PPP program to purchase those items for whatever the dealer was asking,” Talcove said.