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been nice to nip it in the bud...but then Trump saw little need for Fraud prevention. Later, in 2020, DJT fired the Inspector General for his $2T PPP program the day after the legislation was announced, thus allowing untold millions if not billions in fraud...as noted by the following AI overview..."The King of Fraud"...Donald J. Trump. Have to wonder how much he took for himself.

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AI Overview

Based on the search results, here are examples of Paycheck Protection Program (PPP) loan fraud:

1. Misrepresenting eligibility and business information
Falsifying employee count and payroll figures: Applicants claiming more employees or inflated payroll expenses than they actually had to qualify for larger loans.

Creating fictitious businesses or operating history: Some individuals fabricating non-existent businesses or creating fake operating histories to make it appear they had a legitimate business operating before the PPP program began.

Misrepresenting business type or industry: Applying as a small business with under 500 employees, but actually having more, or misrepresenting the company as a non-profit organization when it was not.

Lying about having a legitimate business needing funds: Claiming the loan was necessary due to economic uncertainty to support ongoing operations, but having no real business or not needing the funds.

Stolen Identity and Synthetic Identity Fraud: Stealing the identity of someone else (living or deceased) or creating synthetic identities to apply for loans.

2. Submitting fake or altered documents
Fabricating or altering tax forms, payroll records, and bank statements: Creating or manipulating documentation to support fraudulent loan applications.

Using forged signatures or sham diagnosis codes: In one example, individuals used forged physician signatures and sham diagnosis codes to add testing to requisition forms ordering only COVID-19 testing to obtain funds.

3. Misusing or diverting loan funds
Using funds for unauthorized purchases: Spending the loan on personal expenses like luxury cars, homes, renovations, jewelry, adult entertainment, gambling, and even an alpaca farm, instead of approved uses like payroll, rent, and utilities.

Laundering fraudulent proceeds: Using a web of dormant bank accounts to conceal the source and transfer the fraudulently obtained funds.
Conspiring with others to commit fraud: Working in criminal rings to submit multiple fraudulent applications and distribute the proceeds.

4. Other forms of fraud
Submitting multiple applications to different lenders: Applying for loans using different business names or other false information to multiple lenders, even if only one loan was eventually obtained.

Submitting false certifications: Making false statements or certifications (including those made with incomplete knowledge) that can lead to non-repayment of the loan received.
Note: These are just some examples of PPP fraud. Investigations are ongoing, and new examples continue to emerge as authorities pursue individuals and organizations involved in these schemes.
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Maybe we need a Brazen Meter.