this post was submitted on 31 Aug 2024
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Explain Like I'm Five

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I ask because a couple in a state next to me just pled guilty for stealing not one PPP loan at 2.1 million and a second at 1.6 million? Did I miss out on something by being above board?

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[–] radix@lemmy.world 14 points 2 months ago

Yeah, it's not that the fraudsters got past the red tape, there just wasn't any to begin with.

It was all honor system, and with billions of dollars at stake, honor is the first thing to go.