Friday, January 7, 2022

Man Gets Prison Time For Buying Tesla Stock With Covid Relief Funds

I don't know what is worse, the fact that he defrauded COVID relief programs or he used the money to buy Tesla stocks. 😆

Lloyd took advantage of economic relief programs administered by the Small Business Administration (SBA), including Economic Injury Disaster Loans (EIDL) and the Paycheck Protection Program (PPP). These programs were authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020.