Trump Organization and Kushner Companies are major beneficiaries of PPP loans

F

floridafan

Verified User
Over 25 PPP loans worth more than $3.65 million were given to businesses with addresses at Trump and Kushner real estate properties, paying rent to those owners. Fifteen of the properties self-reported that they only kept one job, zero jobs or did not report a number at all.

The loans to Trump and Kushner properties included a $2,164,543 loan to the Triomphe Restaurant Corp., located at Trump International Hotel & Tower in New York City. The company reported the money didn’t go to keeping any jobs. It later closed.

A company called LB City Inc, which is located at Kushner’s Bungalow Hotel in Long Branch, New Jersey, received a loan for $505,552.50 that it used to keep 155 jobs.

Two tenants at 725 5th Avenue, Trump Tower, received more than $100,000 and only kept three jobs.
Four tenants at the Kushner-owned 666 5th Avenue combined received more than $204,000, and only retained 6 jobs.

There were also some troubling signs of mismanagement revealed in Tuesday evening’s data release. Over 100 loans were made to companies where no business name was listed, were listed as “no name available” or showed potential data entry errors, such as names that appeared to be dates or phone numbers. More than 300 companies appear each to have gotten more than $10 million in loans through their subsidiaries. Businesses were not supposed to receive more than $10 million per entity, except for those in the food, hospitality or hotels industries.
https://www.nbcnews.com/business/bu...ents-data-reveals-troubling-patterns-n1249629
 
They were tenants. If you live in an apartment and the guy across the hall gets arrested, is the apartment complex criminal? Some of you are going to be lost without Trump.
 
Let it go. Even Trump didn't waste any time going after Hillary. Coup failed, you got the result you wanted from an election.
“Seek revenge and you should dig two graves, one for yourself”.
 
Criminals will be prosecuted


You assholes couldn’t lock Hilary up huh


We will lock Donnie up


He committed crimes


Hilary didnt
 
Hello floridafan,

floridafan said:
Over 25 PPP loans worth more than $3.65 million were given to businesses with addresses at Trump and Kushner real estate properties, paying rent to those owners. Fifteen of the properties self-reported that they only kept one job, zero jobs or did not report a number at all.

The loans to Trump and Kushner properties included a $2,164,543 loan to the Triomphe Restaurant Corp., located at Trump International Hotel & Tower in New York City. The company reported the money didn’t go to keeping any jobs. It later closed.

A company called LB City Inc, which is located at Kushner’s Bungalow Hotel in Long Branch, New Jersey, received a loan for $505,552.50 that it used to keep 155 jobs.

Two tenants at 725 5th Avenue, Trump Tower, received more than $100,000 and only kept three jobs.
Four tenants at the Kushner-owned 666 5th Avenue combined received more than $204,000, and only retained 6 jobs.

There were also some troubling signs of mismanagement revealed in Tuesday evening’s data release. Over 100 loans were made to companies where no business name was listed, were listed as “no name available” or showed potential data entry errors, such as names that appeared to be dates or phone numbers. More than 300 companies appear each to have gotten more than $10 million in loans through their subsidiaries. Businesses were not supposed to receive more than $10 million per entity, except for those in the food, hospitality or hotels industries.
https://www.nbcnews.com/business/bu...ents-data-reveals-troubling-patterns-n1249629
Click to expand...

Smells pretty fishy.

If all these 'tenants' of Trump and Kushner properties are getting federal loans they should be able to produce business names and business records.

The fact that many of the names were not even filled in is extremely suspect of foul play.
 
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