Man Receives $590,000 From Federal Paycheck Prevention Program - Blows It On Cadillacs, Charger And A Hummer

In an alleged Motor City money grab, a local man is accused of swiping funds from the federal Payroll Protection Program (PPP) -- which is meant to help keep small businesses afloat amid the coronavirus shutdowns -- to buy two Cadillacs, a Dodge Charger and a Hummer, according to federal prosecutors.

“The Paycheck Protection Program is designed as a lifeline to businesses struggling to survive this current crisis,” FBI Special Agent in Charge Steven M. D’Antuono said. “Instead of using these loans to salvage a legitimate business, the defendant allegedly bought expensive personal items for himself and his family.”

PUGPROUD - 6/4/2020 11:58:20 AM

+2 Boost

Lock him up!

carloslassiter - 6/4/2020 4:08:22 PM

+5 Boost

Sounds like this Paycheck Protection Program is being well administered.

MDarringer - 6/5/2020 4:39:16 PM

+1 Boost

I'd like a half-million dollars to buy cars please.