I have a couple friends who own a business with no employees. Apparently, they got a PPP loan for about a million by just writing in they had over 100 employees. They got the loan and used to to buy a bunch of investment properties. I just wonder, when the companies were applying for PPP, was there any kind of verification of payroll or couple people literally write in any number of employees?
I have a couple friends who own a business with no employees. Apparently, they got a PPP loan for about a million by just writing in they had over 100 employees. They got the loan and used to to buy a bunch of investment properties.
I just wonder, when the companies were applying for PPP, was there any kind of verification of payroll or couple people literally write in any number of employees?