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

[10:31]

Reading this shyt is hilarious. My boy put me on a a irs scam back in the early 2000s. The scam is still around but I won't say it here. I was barely making 40k at the time and I only took a few thousand each year. I totally forgot about it since I stopped doing it but they ended up hitting me up around 2013. They wanted all the money back plus interest. They threatened to seize my house. I eventually filed for bankruptcy, not just because of that debt but that debt was included. Here in 2020, I'm still paying for it in my bankruptcy.

I only share this because some people think the government will only go after the big fish. I was nowhere near the big fish and they still tried to crush me. I saw this shyt back in March and thought about jumping in but I still had PTSD from dealing with the IRS before. I'm so glad I decided not to jump in this shyt.

I told the brothers here how it ends a few pages over.

Pay attention, and the magic number for all major financial institutions is 10k. Anytime that amount or more is dropped into an account and the institution feels like it’s suspicious they have authority to notify law enforcement.

Some of you act like getting your account(s) frozen and getting hit with double the amount received plus interest as a debt owed to the Federal Government is a joke.

@lespaulultra3 just explained how the aftermath can’t effect your life.

to paraphrase : you low level cats won’t go to jail but you’ll be in a self induced living hell until you settle the score with the IRS.

 

[Absolut]

Tell that to all the people getting evicted, waiting hours in food bank lines and unemployed. I would have tried it as well before I went out bad like that.

No one used their scammed funds for those purposes. Instead they were in Vegas, Miami, Atlanta, or elsewhere tricking their money away. Right back to the bread lines and eviction notices. Tough shyt

 

[lespaulultra3]

Another thing I forgot to add, if you do end up owing them but refuse to pay, they will take it out your taxes while still coming after you. I used to have to file single even though I was married because they would keep my entire tax refund and if I filed jointly with my wife, they would have kept hers too.

 

[King]

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.

Hell yeah those CACs and Asians have been eating.

I’ve never seen so many home renovations, new cars, and crazy ass decorations like I have this year.

All the stores have been FULL year round, those people are buying up everything.

And scamming nikkas/gangbangers have been eating out of this world. Buying new Tesla’s and sports cars and shyt, balling tf out. Beverly Hills shopping sprees, throwing around tens of thousands of dollars on IG like it’s nothing.

I just been keeping my head down tho, fukk around with the government if you want to

I highly doubt those suburban CACS and Asians will get anything other than a slap on the wrist at most. It’s all these brehs stunting on IG that are the real targets. RICO is gonna hit every rapper, entertainer, and influencer in the worst way.

 

[Swirv]

Haters

Seems like they were more concerned with alleged fraud than the administration.

 

[Formerly Black Trash]

Seems like they were more concerned with alleged fraud than the administration.

Thats all a lot of journalists are

Haters getting in peoples business

 

[DUCKED_OFF]

I told the brothers here how it ends a few pages over.

Pay attention, and the magic number for all major financial institutions is 10k. Anytime that amount or more is dropped into an account and the institution feels like it’s suspicious they have authority to notify law enforcement.

Some of you act like getting your account(s) frozen and getting hit with double the amount received plus interest as a debt owed to the Federal Government is a joke.

@lespaulultra3 just explained how the aftermath can’t effect your life.

to paraphrase : you low level cats won’t go to jail but you’ll be in a self induced living hell until you settle the score with the IRS.

The 10k is for a ctr

but now they will report suspicious activity for amounts under 10k

Credit unions will let you slide for under 10k but non reg banks will report under 10k quick and have your bank frozen

If a bih hit it better be in another name and they better withdraw quick