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Paul Pelosi and Hollywood Celebs Have Millions In PPP Funds Forgiven and Wiped Clean!


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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.

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…

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.

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.

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…

 



 

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