Billionaire property developer Joe Farrell, a prominent Republican fundraiser, received up to $1 million in taxpayer coronavirus relief funds, according to federal data released Monday.
Other players in the world of celebrity and influence who took advantage of loans under the Paycheck Protection Program, or PPP, to help struggling small businesses hurt by coronavirus shutdowns included Kanye West’s $3 billion clothing and sneaker company, multimillionaire pop artist Jeff Koons and the Church of Scientology, which is reported to be worth at least $1 billion.
“PPP was sold to the American people as a program to help Mom-and-Pop shops keep their lights on during the pandemic,” Kyle Herrig, president of Accountable.US, a government watchdog group, said by email. “The reality is that the Trump administration created a program that helped the well connected cut to the front of the line to get these loans.”
Article submitted by, ScottInManhattan.
