Hundreds of labor unions that were ineligible for the Paycheck Protection Program (PPP), a $953 billion business loan program through the federal government launched in March 2020, raked in $36.7 million in forgivable loans, according to a new report.The report by the Freedom Foundation, a free-market think tank, indicated a high level of bureaucratic failure. Nonprofits registered as a 501(c)(3) were only eligible for PPP initially but unions still got funneled resources. As many as 226 forgivable loans were handed out.“Disconcertingly, the apparently inappropriate PPP loans may have been granted due to fraudulent loan applications or other questionable conduct by applicants or the private lenders operating under the SBA’s delegated authority to approve loan applications,” the report stated, which was first obtained by The Washington Free Beacon. “Appropriate federal authorities, including at least the SBA and the Department of Justice, should investigate the matter further and take appropriate actions to recover funds improperly paid and prosecute any fraudulent activity committed.” …
www.dailywire.com/news/labor-unions-took-37-million-of-ineligible-covid-relief-from-government