Crazy Money! PPP Fraud

It’s Crazy Money Day! 

Fraud associated with COVID-19 relief loan programs created unprecedented losses. Some believe that a trillion dollars of taxpayer funds were misused. One case involves a former high-profile Phoenix newscaster. She was found guilty of conspiracy to commit wire fraud in a federal case. During COVID, lenders were incentivized for their time in processing these loans for the public. The popular newscaster and her husband co-founded BlueAcorn. They processed more than $12.5 billion in PPP loans through an online portal. Their VIP program prioritized monster-sized loans. They fabricated documents to enrich themselves with an estimated $300 million. That’s crazy!

They’ve yet to stand trial, but it doesn’t look good. The two could face a maximum of 20 years in prison for each count of fraud. They failed to understand that “we brought nothing into the world, and can take nothing out of it.” (1 Timothy 6:7) They proved that 1 Timothy 6 is true: “Those who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge people into ruin and destruction. For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.” (1 Timothy 6:9-10) Let’s pray that they have an encounter with the Lord. That they will repent and become truly changed people. Nothing is too difficult for God!

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