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Share From a Lamborghini to a custom Rolex, here are the wildest things business owners bought with their PPP loans

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From a Lamborghini to a custom Rolex, here are the wildest things business owners bought with their PPP loans

Dec 20 2022 by Business Insider

In one fraud case, defendants were charged and convicted of using their PPP loans to purchase Range Rovers, among other luxury goods.

Hollis Johnson/Business Insider

The Justice Department has charged many business owners with fraud over their PPP and EIDL loans. Convictions relate to sports-car purchases, million-dollar homes, jewelry, and designer handbags. The department has prosecuted more than 235 defendants in more than 162 criminal fraud cases.

While the Paycheck Protection Program was...

Continue Reading From a Lamborghini to a custom Rolex, here are the wildest things business owners bought with their PPP loans