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- Fake Texan barbecue business gets $1M PPP loan, trades crypto, profits???
Posted by : Brij Bhushan
Wednesday 15 July 2020
A 29-year-old Texan man is charged with fraud over $1 million in government loans found sitting in a cryptocurrency trading account. According to a recently unsealed criminal complaint spotted by CoinDesk, Joshua Thomas Argires received $956,600 via the US‘ Payment Protection Program (PPP) for a “Texas Barbecue.” [Read: Tesla just became a top 10 US company, but it’s still not in the S&P 500] Despite submitting documents that indicated Texas Barbecue had 50-plus employees worth an average monthly payroll of $382,500, investigators found Argires’ firm “actually has no employees, no payroll, and no revenue.” The company allegedly didn’t even have a…
This story continues at The Next Web