[GoodCustomerService]

3rd position? In this market environment? That's a recipe for disaster right there.

I have a feeling that this Covid lockdown is going to weed out a bunch of the stacking out there.

Imagine doing a 3rd position for someone and having debits come out of the business account when they submit to have their PPP loan forgiven

[Kevin Henry-Seacoast]

Imagine doing a 3rd position for someone and having debits come out of the business account when they submit to have their PPP loan forgiven

Imagine the PPP not being forgiven and the attorney's general office getting involved to collect the money.

[GoodCustomerService]

Imagine the PPP not being forgiven and the attorney's general office getting involved to collect the money.

Exactly

Reckless behavior. It's time people see that.

[Michael I]

Imagine doing a 3rd position for someone and having debits come out of the business account when they submit to have their PPP loan forgiven

forget about third position.Taking any money , even from kevin . how will you prove what money went where?

but to go with reckless wait for the judgment and grabbing the ppp money.Yes they are some that stupid

[Fetachini]

We just funded a construction company on a third position. Send them to info@funding-zone.com

[Kevin Henry-Seacoast]

forget about third position.Taking any money , even from kevin . how will you prove what money went where?

but to go with reckless wait for the judgment and grabbing the ppp money.Yes they are some that stupid

Michael,

If you took PPP you must show an audit of where the money went if you default on the loan. Banks will be audited regardless for loans in excess of $2Mil default of not. For smaller loans, bank get audited regularly and you can cool believe the regulators are going to pay close attention to all the PPP loans.....especially loans given to NON bank customers to make sure the banks followed KYC and AML rules.

The DOJ anf AG have already brought charges to people who fraudulently attempted or took money. Bank fraud is a felony. The FTC has also charge people for advertising PPP loans when they were not the lender or associated with the lender.