The Breakfast Club - The Donkey of the Day ( Everyone That Got Fake PPP Loans)

Episode Date: August 8, 2022

Charlamagne gives "Donkey of the Day" to everyone that used fake PPP Loans, after President Joe Biden announces he is signing 2 bipartisan bills, that will give the federal and local prosecutors to have more time to hold criminals accountable for defrauding the American people.See omnystudio.com/listener for privacy information.

Hey guys, I'm Kate Max. You might know me from my popular online series, The Running Interview Show, where I run with celebrities, athletes, entrepreneurs, and more. After those runs, the conversations keep going. That's what my podcast, Post Run High, is all about. It's a chance to sit down with my guests and dive even deeper into their stories, their journeys, and the thoughts that arise once we've hit the pavement together. Listen to Post Run High on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. own? I planted the flag. This is mine. I own this. It's surprisingly easy. 55 gallons of water,

500 pounds of concrete. Or maybe not. No country willingly gives up their territory. Oh my God. What is that? Bullets. Listen to Escape from Zaka Stan. That's Escape from Z-A-Q-A-S-T-A-N on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. As a kid, I really do remember having these dreams and visions, but you just don't know what is going to come for you. Alicia shares her wisdom on growth, gratitude, and the power of love. I forgive myself. It's okay. Have grace with yourself. You're trying your best, and you're going to figure out the rhythm of this thing. Alicia Keys, like you've never heard her before.

Listen to On Purpose with Jay Shetty on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Lauren Smith, Laura Layton, and Daphne Zuniga. On July 8th, 1992, apartment buildings with pools were never quite the same as Melrose Place was introduced to the world. We are going to be reliving every hookup, every scandal, and every single wig removal together. So listen to Still the Place on the iHeartRadio app, Apple Podcasts, or wherever you listen to podcasts. Hello, my undeadly darlings. It's Teresa, your resident ghost host.

And do I have a treat for you. Haunting is crawling out from the shadows, and it's going to be devilishly good. We've got chills, thrills, and stories that'll make you wish the lights stayed on. So join me, won't you? Let's dive into the eerie unknown together. Sleep tight, if you can. Listen to Haunting on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. I was born a donkey.

It's the donkey of the day. You see, donkey, donkey. Bunch of f***ing jay-jays. It's time for the donkey of the day. That's pretty funny. Charlamagne the devil? Possibly. The Breakfast Club.

All right, I'm going to make this quick. It's just reinforcing a point. Donkey of the day for Monday, August 8th goes to every single individual who got a fraudulent PPP loan. Because if you haven't heard, President Biden signed a bill aimed at helping crack down on pandemic relief fund. Oh, what a tangled web we weave when we practice to deceive. All right. There is not one single solitary human I know with good sense who participated in PPP fraud. Why? Because we all knew it was too good to be true. We all knew there was only one place fake LLC Twitter was going to end up,

and that's in PPP prison. Okay, PPP period. And that's why a couple of days ago, President Joe Biden signed a pair of bills to assist prosecutors crack down on pandemic relief funds. Let's listen to what he had to say. Today, I'm signing two bipartisan bills. It will give the federal and local prosecutors more time to hold criminals accountable for defrauding the American people during a once in a century pandemic. American people deserve to know that their tax dollars are being spent as intended. My message to those cheats out there is this. You can't hide. We're going to find you. We're going to make you pay back what you stole and hold you accountable under the law. I'm going to sign them in the law

as proof of another piece of my economic plan. The belief that in the United States of America, there is nothing beyond our capacity, nothing when we work together as the United States of America. That's what these bills represent. Y'all know President Biden loved locking black people up and y'all just helped him. See, I'm not wishing jail on nobody. I just understand that there's consequences to all our actions. And for some reason in this era, people have forgotten that. All right, folks want to do whatever it is they want to do and then get mad when they don't get away with it. It's unreal to me. The mindset is crazy. Okay. And these bills that Biden signed will extend the statute of limitations for prosecuting cases of fraud against the government

for 10 years. So for the next decade, if you did a fraudulent PPP scam, you better act like you're a rapper from Atlanta who's been warned by the DA that more recodes are on the way over the next 60 days. By the way, she said that three weeks ago. So y'all got about three or four more weeks left, but I just want to know what made y'all think y'all could get away with this fraudulent PPP loan scam in the first place? Some of y'all never owned a business, never ran a business, nothing. But all of a sudden, you're creating these fake LLCs, lying about the number of employees you have, about the profits you made. We told y'all this was going to lead to you going to PPP prison, and you did it anyway. Okay? I don't feel sorry for y'all this was going to lead to you going to PPP prison, and you did it anyway.

Okay? I don't feel sorry for y'all. Okay? I feel sorry for all the small businesses, all the small black businesses who couldn't get any PPP money, who wanted the relief, who needed the relief, and for whatever reason couldn't get it. But all of y'all out there with fake LLCs like Dealey Nuts LLC and Beef King LLC and Ritter Wheat Club LLC. Would you like to know who those people were? Those were actual businesses who claim to be farms. But guess what these farms, and I got farms in air quotes, guess what these farms were located?

In beach towns in New Jersey. Okay. Hundreds of PPP loans went to fake farms in places where there is no damn farms. All right? There was an online lending platform called Cabbage that sent 378 pandemic loans worth $7 million to fake companies, mostly farms. Meanwhile, real farms couldn't get this kind of relief. This is what makes me feel like all of this was a setup. Okay? How are so many legitimate businesses ignored, couldn't get the relief they needed, but

all these fake LLCs weren't? For all you YouTube conspiracy theorists out there, this is a conspiracy you can run with, because they killed two birds with one stone. In this case, they killed two niggas with one loan. Because if you a small black and brown business who couldn't get a PPP loan, you probably ended up ultimately losing your business. So they killed black and brown businesses and if you a black or brown person who got a fake LLC, now you going to prison.

And I don't even have to tell you how incarceration kills families so therefore this was the ultimate trap. You killed two niggas with one loan. It was clearly a trap and y'all fell for it. I don't feel remorse for any of you. Okay, PPP was intended to help businesses make payroll during the pandemic with those loans being forgiven if companies met specific criteria. Okay, it was for small businesses to stay afloat.

Not for you niggas to ball out on boats. Okay, I don't feel sorry for any of y'all. And I am sick of folks acting like there is not consequences to their actions. All right, we see people doing things that are going to lead them to jail. We tell them they're going to jail. We can clearly see what the consequences

of what they are doing is going to be. We warn them, they do it, they get busted, and now we feel sorry for them? No, not Lenard, not Uncle Sharla, okay? Y'all deserve to be afraid. Alright? Very afraid over the next decade. You made a choice. And I hope those crab legs and scrimps and all that Casamigos was worth it.

Please give everyone who got a fraudulent PPP loan the biggest hee-haw. Just my thoughts. Just the way I'm feeling at the time. It was a bandemic. You know what I'm saying? People was getting them banned. So, I guess it's over time. It was a bandemic. You know what I'm saying? People was getting them banned. So I guess it's over now. It's been over.

Oh, it was over two years ago. It's about to be a jail-demic. It's going to be a jail-demic. You hear me? We told y'all this was going to happen. We live. You go back and you listen to The Breakfast Club during COVID. We told you PPP was going to lead to PP prison. Okay, we saw where this was going.

Y'all didn't listen. Hey, now you got a decade to watch your back. All right. Hey, guys. I'm Kate Max. You might know me from my popular online series, The Running Interview Show, where I run with celebrities, athletes, entrepreneurs, and more. After those runs, the conversations keep going.

That's what my podcast, Post Run High, is all about. It's a chance to sit down with my guests and dive even deeper into their stories, their journeys, and the thoughts that arise once we've hit the pavement together. Listen to Post Run High on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Had enough of this country?

Ever dreamt about starting your own? I planted the flag. This is mine. I own this. It's surprisingly easy. 55 gallons of water, 500 pounds of concrete. Or maybe not. No country willingly gives up their territory.

Oh my God. What is that? Bullets. Listen to Escape from Zakistan. That's Escape from Z-A-Q-istan. On the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. As a kid, I really do remember having these dreams and visions, but you just don't know what is going to come for you.

Alicia shares her wisdom on growth, gratitude, and the power of love. I forgive myself. It's okay. Have grace with yourself. You're trying your best and you're going to figure out the rhythm of this thing. Alicia Keys, like you've never heard her before.

Listen to On Purpose with Jay Shetty on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Hey everyone, this is Courtney Thorne-Smith, Laura Layton, and Daphne Zuniga. On July 8th, 1992, apartment buildings with pools were never quite the same as Melrose Place was introduced to the world. We are going to be reliving every hookup, every scandal, and every single wig removal together. So listen to Still the Place on the iHeartRadio app, Apple Podcasts, or wherever you listen to podcasts. Hello, my undeadly darlings. It's Teresa, your resident ghost host. And do I have a treat for you.

Haunting is crawling out from the shadows, and it's going to be devilishly good. We've got chills, thrills, and stories that'll make you wish the lights stayed on. So join me, won't you? Let's dive into the eerie unknown together. Sleep tight, if you can. Listen to Haunting on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.