Here are some of the billionaires who got PPP loans while small businesses went bankrupt

  • 📰 NBCNews
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 86%

United States Headlines News

United States Latest News,United States Headlines

Here are some of the billionaires who got PPP loans while small businesses went bankrupt.

"Even if they technically could argue that they did meet the criteria, taking the money clearly violates the spirit of the law and just seems greedy and wrong.

The Church of Scientology, whose founder, L. Ron Hubbard, made it a stated goal to recruit celebrities and which claims several household-name actors among its members, had several entities take PPP loans.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Greedy motherfuckers

I’m really glad I used my stimulus check to build a guillotine

Revolution anyone?

The Nobu group of luxury sushi restaurants and hotels took 14 loans from the U.S. small business relief program for as much as $28 million, according to government filings.The chain, founded by actor Robert De Niro, celebrity chef Nobuyuki Matsuhisa and film producer Meir Teper,

This is fucked up. I’m pretty sure no other country besides UnitedStates did this. What the hell do the rich need more money for? Times like this, they should be the ones going bankrupt, not everyday people working hard for their money!

Someone gotta put gas in the spaceships

And all of us got stuck with the bill. These are people who NEVER have to worry about the grocery bill!!

And this anti-Christ sci-fi cult has the gall to put a cross on their building.

Disgusting

And who will be held accountable? NO ONE will these companies have to return the money? NO and so the cycle continues while mom & pop shops close their doors the rich get richer and the poor get shit on

So wrong.

Look, here's the bottom line.. But neither should we panic or fall back on xenophobia. Being overly dismissive, You got a problem with that we can go do some push-ups man. Every Ban gun nation presents a assault weapons - Enact universal priso n self-interest was

That cult sciencetology get money? Smh who else come on name and shame small businesses are going bankrupt and the fat cats are getting fatter vote for Joe biden

The TRUMP SWAMP continues to get larger and larger. VOTE HIM OUT IN NOVEMBER

sciencetology is a CULT !

Trump is so ignorant with Money

Here’s me acting surprised:

nice! go USA

Who told this small businesses not to be billionaire? They should have given more money to the president. ˢᵃʳᶜᵃˢᵐ

Why are non-taxpaying establishments getting taxpayer bailouts?

First of all, Trump is not personal approving these. The swamp has its systems in place that need to be fixed. Secondly you have to apply for it, why aren’t these companies policing their own accounting departments. Why? it’s free money!

3DTruth Scientology barely has a payroll and has billions stockpiled. No way in hell they need that money.

The Trump regime is a corrupt criminal enterprise.

Why is they’re a cross on top of this bld. ? 🤔

🙏

WritesMore Scientology got PPP.

Yamiche Where is the oversight? More Government dysfunction and corruption! And just wait, once the dust settles our taxes will skyrocket to pay for this theft!

Yamiche Blame Republicans NO OVERSIGHT! They should’ve named PPP - Pandering for Personal Profits. Vote in November. Apply for Absentee Ballot NOW

Yamiche

Tom_Winter

Yamiche The poor schlubs who voted for a guy living in a 110,000 sf, 58 bedroom house thinking that he gave two shits about them should reassess their thinking this time around. Trump has played you for the mark long enough.

There are still PPP funds available for small businesses as of today... not sure what the argument is here.

trumpiskillingus

How can a religion be exempt from government taxes but not government funding?

Again, this is our Senates fault, DEMOCRAT & REPUBLICAN!

So kaynewest is taking the PPPiss out of American tax payers too . PPP MAGA🤮🤮

KatyTurNBC They gave the money to Ritchie rich and told the little guy, sorry it’s all gone.

CROOKS on PPP

XekeusTV

Why does the Scientology display a Cross over their building. Doesn’t Scientology th e study n belief of evolution n nit creation by god. I wonder if Tom Cruise got some of the PPP money.

It's a disgrace; the people who really need it are struggling and some have to close.

Yay!!! Scientology... Those guys have been off the radar for a while. I remember Anonymous was started so they could call these guys out.

NashvilleResist Church of Scientology? The fleecing never ends with Trump and his cronies.

Thanks Congress

keithmfitz Trump’s looting the United States. GOPComplicitTraitors

Why was there no oversight?! Outrageous! PPP

The only thing that changes is the date

Gather your pitchforks

Businesses went bankrupt from the lockdown the MSM was championing

WONT SEE THIS ON NBC

This is how they create propaganda army for their political objective.

LeaveMeALoan

NBC PROVES EVERY DAY THEY ARE THE DEM HACKS AND MINIONS

And that as the other churches does not PAY TAXES, because everyone should subsidize religion, atheists don't count? or they punish us by paying more money ? IS NOT FEAR !!!

Brutal. LeaveMeALoan

So the rich got that way and stayed that way by being Greedy? Duh. Of course they are gonna take the money.

Huh Scientology! A bunch of dumb-ass!

The GOP is looting America. The GOP is stealing US taxpayer money, paid by working class Americans, to give that money to the already rich & powerful. The GOP is looting America. GOPLootingAmerica GOPBetrayedAmerica

realDonaldTrump TheJusticeDept GOP USSupremeCourt

Time to sharpen those guillotines

This is silly. Getting a loan would not have saved many businesses because their customers/clients could not patronize them. Others simply failed because they were poorly run. It had nothing to do with wealthy ppl getting loans.

Drain the swamp,right.

Disgraceful

How does surprise anyone? It's never about the little guy in this country.

I believe there's still $100B+ in PPP available, thats why they just extended deadline to next month

Don’t forget senatemajldr family

I can never get past the balloon animals. If that was a female artist she'd have been shredded.

only reported Trump supporters PPP loans. SpeakerPelosi husband company got million, RobertDeNiroUS got 30 plus million dollars even thogh he said Trump is dangerous. I knew already what NBC is trying to report with this Tweet Liberal mouthpiece! FakeNews

It's a goddamn rip off of Americans the Ayn Rand Society got a billion dollars wtf they espouse you got to pull yourself up by your own Bootstraps with the John Birch Society and Koch Brothers get the goddamn money back NOW of this is Nazi Germany exterminations are coming

senatemajldr

Theives 🥴

anblanx Grift

Why the hell dies this organization get money? I bet Liberty University and the 700 Club/CBN, And OANN got money also to his is a wholesale rippoff of America people wake the hell up Kushner, and all his cronies got money like Kanya West this is a travesty of Justice worst!

TrumpCrimeSyndicate and GOP at work.

So you can imprison and beat people, like Scientology, and get free taxpayer money to retain the people who imprison and beat others. Good to know.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Burning Man, Bird, a16z, Yeezy among recipients of PPP loans - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

PPP loans roughly in line with industry payrolls, but some stand outPaycheck Protection Program loans to restaurants and hotels fell short of their share of small-business employment, according to details on the program released Monday by the U.S. Treasury Department and the Small Business Administration.
Source: Reuters - 🏆 2. / 97 Read more »

Health-care industry was top recipient of PPP loans, data showThe health-care industry was the top recipient of loans under the Paycheck Protection Program through the end of June, the Trump administration said Monday, as it released the names of more than 650,000 businesses that got funds under the small-business lending program.
Source: MarketWatch - 🏆 3. / 97 Read more »

Wealth management firms among those that have taken PPP loans during coronavirus pandemicFor many businesses, the government's PPP loans offered terms that were too good to pass up. That includes many wealth management firms across the country, according to government data. But whether those firms should have taken those loans is the subject of controversy. What about minority firms? Minority community is going to be where unemployment will linger.
Source: CNBC - 🏆 12. / 72 Read more »

De Niro-backed Nobu restaurants took more than a dozen PPP loansRestaurants were among the biggest recipients of the Paycheck Protection Program, a key component of the government's response to the economic impact of the coronavirus pandemic. Have you ever been to Nobu? Another hypocrite. Douche Bag hypocrite
Source: CNBC - 🏆 12. / 72 Read more »

Vocal Opponents Of Federal Spending Took PPP Loans, Including Ayn Rand Institute, Grover Norquist GroupNorquist and Citizens Against Government Waste have both criticized the CARES Act, with Norquist saying the bill's unemployment program 'delays growth.' Those Burning Man tickets have gotten really expensive The Disunited States of Hypocrisy Norquist has already been exposed as a stooge and hypocrite so this is not really newsworthy
Source: Forbes - 🏆 394. / 53 Read more »