pppfunds
REPORT: Weapons Manufacturers Secured $164M In PPP Funds Despite Booming Gun and Ammo SalesQ3 2020 hedge fund letters, conferences and moreWeapons Manufacturers Secured Up To $164 Million In PPPWASHINGTON, D.C. — A new analysis from government watchdog Accountable.US found that weapons manufacturers secured up to $164 million in Paycheck Protection Program (PPP) funds despite a spike in gun sales during the pandemic. These gun companies received taxpayer-funded relief meant for struggling small businesses following an aggressive lobbying effort from the industry on the CARES Act. Nineteen Sena...
ValueWalk
REPORT: Trump Administration Awarded Shell Companies Millions in PPP Funds Meant for Struggling Mom-and-PopsQ2 2020 hedge fund letters, conferences and moreShell Companies Millions in PPP FundsWASHINGTON, D.C. – A new analysis from government watchdog Accountable.US found that that at least $3.4 million in SBA Paycheck Protection Program (PPP) funds went to corporations that are shell companies, or that were about to be acquired by one. While PPP was billed as a lifeline for struggling mom-and-pop businesses, the Trump administration allowed shell companies or SPACs to receive forgivable taxpa...
ValueWalk
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