It pays to be rich.
Even as 87,000 IRS agents are being hired and given firearms training to go after everyday Americans, the rich get away scot-free.
A new report reveals that several celebrities who took millions of dollars in PPP loans are having those loans completely forgiven.
Celebrities such as Jay-Z, Khloe Kardashian, Reece Witherspoon, Tom Brady, and others don’t have to pay back a dime.
Trending: Mark Zuckerberg: “I ‘WAS’ Human”
Also included amongst these celebrities is Nancy Pelosi’s criminal husband, Paul Pelosi.
Pelosi’s restaurant business EDI Associates took out two loans worth over $1.7 million, which were also forgiven.
Corruption runs deep…
EXCLUSIVE: It pays to be rich! America's wealthiest, including Tom Brady, Khloe Kardashian, Reese Witherspoon, Kanye and Nancy Pelosi's husband took millions in PPP loans – and nearly all have been forgivenhttps://t.co/l8F7OtorZF
— Larry Elder (@larryelder) August 18, 2022
Daily Mail reports on the privileged celebrities who are getting millions in PPP loans forgiven:
The companies of mega-rich celebrities, including billionaires Kanye West and Jay-Z, received millions in government PPP loans – and in virtually every case the A-listers have been let off the hook for paying back the full amount.
For the first time, DailyMail.com can reveal the exact amounts that these wealthy companies got through the Payment Protection Program, which was set up for desperate businesses hit by the Covid pandemic.
In all but two of the cases we examined, the company was ‘forgiven’ despite the star owners being multi-millionaires. The status of the others is unknown.
The loan program cost US taxpayers $953billion, with the University of Texas estimating that 15 percent of PPP claims – around $76billion – were fraudulent.
It was claimed that after the first round of PPP loans, up to 90 percent of ethnic minority business owners were unsuccessful at getting the loan and were at the ‘end of a line’, according to an Associated Press survey, which showed a disproportionate amount of white people in rich areas being approved for a loan.
Yet celebs and their businesses had no problems.
Jared Kushner – PPP Loan $3M – forgiven
Kanye – PPP $2.3M
Jay Z – PPP $2.1M
Diddy – PPP $1.9M – forgiven
Paul Pelosi – PPP $1.7M – forgiven
Khloe Kardashian – PPP $1.2M – forgiven
Reese Witherspoon – PPP $975k – forgiven
Tom Brady – PPP $960k – forvigiven— OBXHokie 🇵🇸 (@OBX_Hokie) August 17, 2022
NO surprise at all.
Government should never have shut down the economy and should never make "loans" to businesses.
Lessons learned bitterly.
NEVER AGAIN.
$$MMM in PPP loans linked to Pelosi's husband, a Kardashian, other celebs forgiven https://t.co/QDtUEJ9fr3 @JustTheNews
— Nan "Say No to Deprogrammers" Hayworth, M.D. (@NanHayworth) August 18, 2022
Billionaire celebrities took out PPP loans set aside for hard-hit businesses during pandemichttps://t.co/KXdrd0JMHN
— Jenna Ellis (@JennaEllisEsq) August 18, 2022
The Post Millennial has details on some of the celebrities receiving forgiveness for their PPP loans:
Rapper Jay-Z saw two brands he’s associated with receive PPP loans, one for Malibu Entertainment, which is linked to his streaming platform Tidal, received $2,106,398, while his champaign brand Armand De Brignac Holdings borrowed $293,119.
Both loans were forgiven.
Seam Combs, also known as Puff Daddy or Diddy, received $1,929,252 to keep 134 jobs at Revolt Media and TV LLC, which was forgiven.
NFL legend Tom Brady’s company TB12, a wellness company based on the Tom Brady diet, received $960,855 to keep 80 jobs. The loan was forgiven in full.
Pelosi's husband, Khloe Kardashian and other celeb companies got millions in forgiven PPP loans | Just The News https://t.co/6Hhhbo26Co
— John Solomon (@jsolomonReports) August 18, 2022
Of course, let’s not forget about Nancy Pelosi’s criminal husband Paul Pelosi.
Just the News provided details on his PPP loan forgiveness:
House Speaker Nancy Pelosi’s husband, Paul Pelosi, has an 8.1% share in the restaurant business EDI Associates, according to The Daily Mail. Financial disclosures show the California couple has a net worth of $43 million to $202 million. EDI Associates took out two loans, worth over $1.7 million in total, which were both forgiven, including interest.
Corruption starts at the top…
https://twitter.com/Buckaro_Banzai/status/1560419780007378945?s=20&t=pEz9-M263nFA_T9IwLGq-Q
Paul Pelosi has a net worth of over 120 Million and took a 1,709,100 dollar PPP loan that was then forgiven. But they need 87,000 IRS agents to look into your finances.
— Joey – Master of Wit and Sarcasm (@jjstyx) August 17, 2022
Why do the rich always get away with this?
House Speaker Nancy Pelosi's husband Paul Pelosi has a 8.1 percent share in EDI Associates, a restaurant business which took out two PPP loans, totally over $1million. Both loans were forgiven in full— Chipponeri Jr. Vito 🇺🇸🇮🇹 (@CipponeriVic) August 18, 2022
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