“Mark Ethan Jermain fraudulently applied for and received PPP loans for businesses that didn’t exist anywhere but on paper. Furthermore, he used the identity of a former business partner, unbeknownst to the partner, to defraud the taxpayer funded program out of nearly three quarters of a million dollars,” said FBI St. Louis Special Agent in Charge Ashley Johnson. #loan
“I don't think I'd care much if it was like, ‘let's reinstate these service members. As long as they still qualify, as long as they meet the standards that you're gonna require everybody to meet for the military.’ But the idea that you're gonna give them back pay for having refused what was a legal order?” said Kinzinger. #reinstatement
Officials from DCEO said because of the amount of funds, it had to bring in an outside vendor and they could do this under the Grant Accountability and Transparency Act. #businessinterruptiongrants
Casto said small business owners cite challenges like revenue losses and higher rent prices, but many also point to higher interest rates. #rent #business #illinois