LogFAQs > #960496883

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Topic	Man gets 9 years in prison for getting $1.6M in PPP loans to spend on Lamborghin
Clutch 11/30/21 3:46:29 PM #26:	Alteres posted... Wonder if he would have made it out if he just laid low. Doubtful. The SBA has really cracked down on the initial loan calculations. Ive had clients who had to repay a portion of their loan because they miscalculated their max loan amount. So even if got through the initial loan process, the SBA would be on their asses by now. --- "The historian looks backward; eventually he also believes backward" - F.N. <cite>Clutch posted [p:960496883] in Man gets 9... [t:79788023]...</cite> <quote>Alteres posted... </cite> <quote>Wonder if he would have made it out if he just laid low.</quote> Doubtful. The SBA has really cracked down on the initial loan calculations. Ive had clients who had to repay a portion of their loan because they miscalculated their max loan amount. So even if got through the initial loan process, the SBA would be on their asses by now. --- "The historian looks backward; eventually he also believes backward" - F.N.</quote> ... Copied to Clipboard!
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