{"id":167629,"date":"2023-07-16T00:23:09","date_gmt":"2023-07-16T05:23:09","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/07\/ppp-fraud-is-worst-in-history-200b-stolen-and-blown-on-lamborghinis-beach-houses-and-bling"},"modified":"2023-07-16T00:23:09","modified_gmt":"2023-07-16T05:23:09","slug":"ppp-fraud-is-worst-in-history-200b-stolen-and-blown-on-lamborghinis-beach-houses-and-bling","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/07\/ppp-fraud-is-worst-in-history-200b-stolen-and-blown-on-lamborghinis-beach-houses-and-bling","title":{"rendered":"PPP fraud is \u2018worst in history\u2019: $200B stolen and blown on Lamborghinis, beach houses and bling"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/ppp-fraud-is-worst-in-history-200b-stolen-and-blown-on-lamborghinis-beach-houses-and-bling.jpg\"><\/a><\/p>\n<p>When people say there s no money for advanced AI research, robotics research, energy research, etc\u2026 etc\u2026 take a close look at who was rollin in money and buyin below items.<\/p>\n<hr>\n<p>\u201cThe fraud was so easy to commit. All of the information was self-reported and none of it was verified or checked,\u201d Haywood Talcove of LexisNexis Risk Solutions told The Post.<\/p>\n<p>\u201cDuring the height of the pandemic, it was really hard to purchase [luxury] items like a Rolls-Royce, or a high-end Mercedes because you had people walking in with cash from the PPP program to purchase those items for whatever the dealer was asking,\u201d Talcove said.<\/p>\n<p>Justice might finally be catching up with some of the fraudsters: A total of 803 arrests have taken place as of May 2023 for pandemic fraud, the SBA said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When people say there s no money for advanced AI research, robotics research, energy research, etc\u2026 etc\u2026 take a close look at who was rollin in money and buyin below items. \u201cThe fraud was so easy to commit. All of the information was self-reported and none of it was verified or checked,\u201d Haywood Talcove of [\u2026]<\/p>\n","protected":false},"author":359,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,6],"tags":[],"class_list":["post-167629","post","type-post","status-publish","format-standard","hentry","category-biotech-medical","category-robotics-ai"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/167629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/359"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=167629"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/167629\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=167629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=167629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=167629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}