Institutional Racism? Biden Coronavirus Relief Prioritizes Funds for Non-White Business Owners; Scammers Defrauded Relief Funds Out of Millions
By Breitbart. Restaurants and venues owned by white men will be last in line for federal relief under President Joe Biden’s “Restaurants Revitalization Fund” (RRF), prioritizing funds for women and minority groups first.
As part of Biden’s American Rescue Plan Act of 2021, the Small Business Administration (SBA) is opening the application process by which owners of restaurant, bars, and other venues can apply for federal relief to help make up for the loss of revenue as a result of economic lockdowns spurred by the Chinese coronavirus crisis.
The plan allows business owners to apply for relief of up to $10 million per business and no more than $5 million per physical location. Business owners do not have to repay the funds so long as the money is spent by March 2023.
The relief, though, is being prioritized based on race, gender, and whether or not business owners are considered “socially and economically disadvantaged individuals.” White men, for example, who are not Veterans of the United States Armed Forces, are not eligible for “priority period” processing and funding.
Under the guidelines of the RRF, the SBA is giving priority processing and funding to “small business owned by women, veterans, or socially and economically disadvantaged individuals.” (Read more from “Institutional Racism? Biden Coronavirus Relief Prioritizes Funds for Non-White Business Owners” HERE)
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Scammers Allegedly Claimed to Run Churches, Defrauded Coronavirus Relief Funds Out of Millions
By Fox Business. Six people allegedly defrauded government coronavirus relief programs of $3.3 million last year by claiming to run churches that care for the needy.
Terrence Pounds, Charles Tiller, Terri Davis, Randolph Nunn, Samira Abdul-Karim and Quwan Simmons were all charged with wire fraud and conspiracy to commit wire fraud on Tuesday, according to the Department of Justice. . .
The government alleged that Pounds acted as the ring leader in the scheme and would have the other five send him their personal information, which he would use to apply for Economic Injury Disaster Loans and Paycheck Protection Program loans. Once the loans went through, the applicant would then allegedly send Pounds a portion of the fraudulently obtained proceeds.
Under one loan application, Pounds allegedly said he operated “Truth Ministries Global Inc,” which he claimed was a “Faith Based Organization” or “Church.”
“We feed the less fortunate and underprivileged, we visit the prisons, we have 24 hours per day and 7 days per week phone line open for prayers and counseling,” Pounds allegedly wrote in the loan application, according to an indictment. “We have church services twice per week.” (Read more from “Scammers Allegedly Claimed to Run Churches, Defrauded Coronavirus Relief Funds Out of Millions” HERE)
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