The Trump Crime Family continues to openly discuss blanket pardons for Donald and his rotten kids, but the person who really needs a pardon or they're headed for a lifetime in prison is Jared Kushner.
Sweeping data released by the Small Business Administration on who benefited from pandemic relief programs raises questions about the equitability and distribution of loans intended for small businesses, an initial analysis by NBC News shows.
The analysis found that properties owned by the Trump Organization as well as the Kushner Companies, owned by the family of Jared Kushner, President Donald Trump's son-in-law and senior adviser, profited from the program.
After months of litigation, the SBA released the dataset Tuesday night on every small business that received a Paycheck Protection Program (PPP) or Economic Injury Disaster (EIDL) loan.
The data reveals the most complete accounting to date of the more than $700 billion in forgivable loans Congress and the Trump administration introduced in the spring for allowable expenses, including payroll, rent, utilities and mortgage interest payments.
The analysis by NBC News, one of 11 newsrooms that sued for the release of data, also shows:
- Over 25 PPP loans worth more than $3.65 million were given to businesses with addresses at Trump and Kushner real estate properties, paying rent to those owners. Fifteen of the properties self-reported that they only kept one job, zero jobs or did not report a number at all.
- The loans to Trump and Kushner properties included a $2,164,543 loan to the Triomphe Restaurant Corp., at the Trump International Hotel & Tower in New York City. The company reported the money didn’t go to keeping any jobs. It later closed.
- A company called LB City Inc, which is at Kushner’s Bungalow Hotel in Long Branch, New Jersey, received a loan for $505,552.50 that it used to keep 155 jobs.
- Two tenants at 725 5th Avenue, Trump Tower, received more than $100,000 and kept only three jobs.
- Four tenants at the Kushner-owned 666 5th Avenue combined received more than $204,000, and retained only six jobs.
There were also some troubling signs of mismanagement revealed in the data. Over 100 loans were made to companies where no business name was listed, were listed as “no name available” or showed potential data entry errors, such as names that appeared to be dates or phone numbers. More than 300 companies appear to have each gotten more than $10 million in loans through their subsidiaries. Businesses were not supposed to receive more than $10 million per entity, except for those in the food, hospitality or hotels industries.
Of course Trump and Kushner used the PPP as their own personal piggy bank, and ripped off American businesses to the tune of millions. They got millions in loans they didn't need, meanwhile, thousands of small businesses across America have now been permanently shuttered.
That's how it worked, and Republicans in Congress made sure of it.