Pelosi’s Husband Got A Big Payday From The Federal Government

(RoyalPatriot.com )- According to reports, certain celebrity-owned firms who received millions from the government-funded Paycheck Protection Program, designed to aid small businesses in surviving the pandemic won’t be required to pay it back.

According to nonprofit investigative news organization Pro Publica, the Good American jean firm of celebrity influencer Khloe Kardashian, whose net wealth is estimated to be about $50 million, received a nearly $1.25 million PPP loan.

The group also discovered that the debt and interest had been canceled.

Tom Brady, an NFL great quarterback whose personal wealth is reported to be around $250 million, owns the health food company TB 12, which had a $960,000 debt canceled.

According to The Daily Mail, Paul Pelosi, the husband of House Speaker Nancy Pelosi, owns an 8.1% stake in the restaurant company EDI Associates. According to financial reports, the California couple’s net worth ranges from $43 million to $202 million. EDI Associates obtained two loans totaling more than $1.7 million and were repaid in full, with interest.

Fraudsters also received millions of dollars in COVID-19 relief loans. The Justice Department has established a COVID-19 Fraud Enforcement Task Force to pursue fraud connected to the pandemic.

On tax day, 2020, Nancy Pelosi released this statement regarding the PPP.

San Francisco – Speaker Nancy Pelosi released this statement on the news reports the Small Business Administration’s Paycheck Protection Program (PPP) will exhaust its current funding levels today:

 

“Democrats know that for the Paycheck Protection Program to succeed, it must work for everyone.  That is why we have been asking for the Administration to work with us to help:

 

  • the underbanked small businesses and others who are struggling to access the PPP;
  • desperate state and local governments;
  • hospitals on the front lines of the epidemic.

 

“As has been clear since last week, Republicans’ bill which fails to address these critical issues cannot get unanimous consent in the House.”

 

It seems that Pelosi and her family benefits time and time again from policies she rams through congress or from policies she knows are coming down the pike.

 

This is the definition of corruption.