The Paycheck Protection Program created to help small businesses survive the pandemic by doling out loans to help them retain employees has been a bonanza for companies linked to the rich and famous, according to new reports.
The website ProPublica has amassed a searchable database of the loans, which media outlets have been exploring to find out how many rich recipients will never have to pay back a dime.
The trick is to know the corporate names of businesses in which the rich and famous either operate or have a share in.
Paul Pelosi, the husband of House Speaker Nancy Pelosi, has an 8.1 percent share in a company called EDI Associates, according to the U.K. Daily Mail.
The restaurant company received loans of more than $1.7 million from the federal government, which won’t have to be repaid, the Daily Mail reported.
Hellbound and Down 