Tech Company Tied to China Cashes in on Small Business Relief.

via freebeacon

“Ideanomics, a U.S.-based tech company founded by Chinese billionaire Bruno Wu, was valued at more than $50 million based in part on its collaboration with Chinese provincial governments and state-owned enterprises dating back to its 2017 founding. The company, which specializes in financial technology and electric cars, collected $400,000 in forgivable loans from the taxpayer-funded Paycheck Protection Program (PPP) designed to aid small businesses hurt by the coronavirus, according to Securities and Exchange Commission filings.”

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Presumably, Joe Biden is fine with these kinds of mistakes.


h/t SG




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