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In reply to the discussion: Half of the pandemic's unemployment money may have been stolen [View all]Jon King
(1,910 posts)I put stole in quotes because it was not technically illegal, just highly scummy. Im sure he is typical of guys who love to milk the system. White guy, MBA, worked for venture capital firms, started his own private venture firm 10 years ago, lives in a $2 mil house, wife works, only kid out of college and long gone. They have more money than they will ever need.
I am sure he did not think anyone would ever know but they published all the corporations who took money. He took $49400 because the audit threshold was $50,000. It was labeled 'payroll'....he is the only employee, always was, works out of his mansion so the virus stuff did not stop his work, and that $49,400 is meaningless to him.
But I imagine him and all his buddies in his circle telling each other how to take it and get away with it. That money was meant to keep mom and pop restaurants and businesses from having to fire all their people. Scumbags like this guy and many others felt the need to further abuse the system, disgusting.