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TexasTowelie

(111,300 posts)
Thu Jul 9, 2020, 01:05 AM Jul 2020

Fuzzy math: How did the Black Republican Caucus of Florida snag a PPP loan?

On Monday, the federal government released the names and dollar ranges for about a fifth of the loans granted through the Paycheck Protection Program.

Journalist and others have been parsing the data ever since, and the spreadsheet is peppered with interesting, sometimes eyebrow-raising, names — Yeezy, anyone?

-snip-

“The group is not an RPOF club and it is not an organization that has been chartered by the RPOF. We have no affiliation with them,” RPOF spokesperson Alia Faraj-Johnson told Florida Politics.

The Boca Raton-based caucus formed in 2016 and filed as an IRC 527 — an IRS designation for political organizations. That alone makes the caucus ineligible for any SBA loan, including PPP.

Read more: https://floridapolitics.com/archives/347198-fuzzy-math-how-did-the-black-republican-caucus-of-florida-snag-a-ppp-loan

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Fuzzy math: How did the Black Republican Caucus of Florida snag a PPP loan? (Original Post) TexasTowelie Jul 2020 OP
Black Republican Caucus? PoindexterOglethorpe Jul 2020 #1
So did the Florida Democratic Party. hay rick Jul 2020 #2

hay rick

(7,521 posts)
2. So did the Florida Democratic Party.
Thu Jul 9, 2020, 11:03 AM
Jul 2020

FDP got PPP money via its building fund under the pretense that, per guidelines, it would be used to keep people employed. The problem is that the employees are employed by the FDP, not the building fund which is a separate legal entity with no employees. The money will surely have to be returned and it is not unlikely that there will be other consequences for the party leadership.

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