in depth article about the SBA loans and grant fraud ( feds bout to do a sweep fr smh)

DaddyFresh

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we still have people telling themselves this shyt. muthafuking Canada told folks already to hit them back for that 10-12k they took without meeting the requirements and have it by the end of this year :ufdup:. American government will do the same and worse. 1k-10k it don't matter. wtf got y'all thinking they letting anyone slide? :russ:

this is a blessing. they gonna be milking this for a while. mufhukaz will be made examples. this is political gold. goofy brehs think they hit a lick.... nah fam that's a secured loan WITH interest from the government. :dead:
For majority of people who did it this will be the consequence
 

DaddyFresh

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u got that 10k huh :lolbron:
Haha nah I didn’t. If I was a lot younger I would have rolled the dice. Ive met a lot of people who tried to finesse the government. And unless you do something along the longs of identity fraud or crazy amounts they just tax the fukk out of you
 
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DaddyFresh

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Sigh.

I know what I’m talking about..the FBI field offices and US attorneys are being directed to only go after cases where there’s a possible RICO predicate or if it’s over 15k. The FBI CCRS and DOJ doesn’t even have the manpower at the moment to handle all those qualified cases referred from respective FOs but they are holding onto them.
Exactly. Most people got that ignorant government bogey man about money lol. People defraud the IRS every year for billions and get away with it. And people doing blatant tax fraud for millions getting 5-6 year fed sentences . And with COVID they are even more backed up and short handed. They will never catch up. They’ll make some snappy headlines locking up some egregious actors and that’s it. The majority that get caught will just have debt with interest. They would lose money prosecuting small fish lol.
 
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Haha nah I didn’t. If I was a lot younger I would have rolled the dice. Ive met a lot of people who tried to finesse the government. And unless you do something along the longs of identity fraud or the amount isnt crazy they just tax the fukk out of you

some ethiopian chicc in minneapolis i was messing with said she got it , but spent it on miami , vegas etc lol she was broke af
 

DaddyFresh

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some ethiopian chicc in minneapolis i was messing with said she got it , but spent it on miami , vegas etc lol she was broke af
Unfortunately that’s what most people did. Ball out with it. The ones that get caught going to be owing the irs into 2030 with all the interest they gonna get hit with
 

Formerly Black Trash

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So the government was dumb enough to hand out these loans
And will now waste money prosecuting
But won't give us a substantial stimulus?
 

TNOT

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I’m a small business owner, I read the qualifications for that “grant” saw I didn’t qualify and kept it moving( I started my business after March).


I’ve been audited by the IRS for a simple mistake that happened one tax year. Everything worked out, but I’m never going to try and get over on the government, the time involved to clear things up isn’t worth the lil money you might be able to scam out the government.

also if black folks are doing it, you better believe them Arabs, Indians, and Asians are scamming too, but for way more than 10k. We already know them cacs getting over.

I was in a jewelry store doing some Christmas shopping, and was looking at the Rolex display case. I noticed it was fairly empty. I asked the salesperson if they’ve been stocking less watches because of the pandemic, she just laughed and said they’ve sold more rolexes since November than the previous two years. She could tell I was confused, so before I could say anything, she just said that’s that Covid money, and started laughing.

scam the government for a watch you can’t afford to get serviced brehs.
 

Wildhundreds

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Doesn’t he have a point tho? Looks like there was hundreds of thousand of people frauding no way they catch everybody. And no way they give serious time to the small fish under 50k.

Its money behind locking people up. Or catching these people for stealing $10k, and the government putting them in debt for $20k.
 

So-Chi

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goons in the cut tryna talk you out yo necklace
I read the article OP and know some folks in that area of chicago that is mentioned in that article.

And many many folks out there were bragging about getting them loans. Messed up part is the folks who got the money weren't even the folks who filled out the paper work. They were paying folks to fill out the info for them. They were paying folks hundreds to thousands of dollars to fill out the forms.
I was hearing 2 bands just to fill it out. Now you gotta hide because people gonna feel your paperwork got them hemmed up if they go and "they friend" don't go. This gonna get ugly
 

DaddyFresh

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I was hearing 2 bands just to fill it out. Now you gotta hide because people gonna feel your paperwork got them hemmed up if they go and "they friend" don't go. This gonna get ugly
The people who got paid to fill applications are royally fukked. As soon as the feds starts knocking nikkas will be government witnesses on whoever filed it for them
 
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