➡ Victor was tricked into paying $11,500 due to a misunderstanding about a warrant and bail. People are being arrested for fraudulently obtaining multiple loans, especially those who lied about their businesses. It’s important to document everything if contacted and verify the identity of the person reaching out. Be prepared for potential legal issues and protect yourself, as the situation is expected to worsen.

Hey, welcome back to I Allegedly. I’m Dan. And I’ve got a good one for you today. Because even on vacation, I get things that people send me and come up to me and tell me that are absolutely amazing. And there is an arrest warrant list for economic fraud that’s out there. And it’s basically hidden right now. And we’re going to talk about this. So please hit the like button. Please subscribe to the channel. And we have no sponsor today. So it’s just you and me. But I want to get into this. Think about this, guys. The Economic Injury Disaster Loans and PPP Loan Program were both designed as lifelines to help us all get through COVID and the difficult time to maintain our businesses and keep things open.

Only problem was, think about this. There’s $793 billion in PPP loans alone. And 95% of those were forgiven. Basically free money. Which is absolutely wild when you think about this, guys. People went out and got to borrow money to cover payroll. The idea was to say, hey, if we don’t have this lifeline, we’re going out of business. Which was great, okay? You know, started as $360 million and they added to it incrementally after that. Now, here is the thing right now. Think about this. There were 11.5 million loans written. That sounds good, doesn’t it? The only problem was there was just over a million businesses that applied for this money.

So let’s do the math. That means that people must own multiple businesses and got multiple loans. That’s one thing. It also means that people that owned one business got multiple loans. Now, some were legit. Some were completely above board and had every intention to get in the money. Others went out with the intention of fleecing the program. And what you have right now is they’re going after the low hanging fruit right now. The low hanging fruit of the people that you lied, you lied on your application. You didn’t have the number of employees you said you’re going to have? I’m telling you, guys.

They’re going to come for you. They’re not going to call. They’re not going to show up there. They’re going to a rescue and they’re going to show up for this. This is going to happen. If you were involved in a business and think about this four years is a long time. This is approved in March of 2021. 2020 is when this program started. When that program started since then, you’ve got all this activity that’s happened during this time. People got divorced during this time. Businesses have closed. So many things have happened, but they’re coming after people.

And the problem with this is that you have ex-wives rolling over on people. We got money. He spent the money and bought a car. He spent the money and bought himself things he shouldn’t have. We have a vacation home, all this stuff that’s happening. But what the feds are doing right now is they’re actively pursuing people. You cannot go out and search this warrant list. But what you can do is there are different lawyer groups out there that are sitting there saying, hey, this is how they’re coming after you. So understand this. If you know that you’ve done something wrong, you need to work on compliance.

You need to work on making sure you have all your documentation and making sure that you’re going to self-certify again that what you did was legit. And I’m telling you, I have seen somebody try to pay off one of these loans during this time to buy a business and it has been a nightmare, a nightmare. And they even came to me and said, would you lend us the money for this? And, well, let me look into it. And it’s a disaster. The economic injury disaster loan is a nightmare to pay that off because if these people take it over, they could audit the company.

And you’re going to have these people gone. And now you’re going to be responsible for it. It’s what people go to jail for. So again, there is a warrant list. Now, for those of you that have fudged it and, you know, we bought, we bought some equipment, we bought some stuff we weren’t supposed to. You guys are done. Guys are absolutely done because what they’re doing is they’re matching up every application that was done with the number of employees you have. Now, the absolutely the simplest ones, the second batch of PPP loans were the people that went out and got themselves a PPP loan for themselves.

You had to have under $100,000 in payroll. You were basically limited to $20,000 a person. You could do multiple years. Some people got 40 grand. Most people got 20,000 in that range, 20 to 40. So those people don’t worry about yourself. Don’t worry about lying about your company. Now, if you were working for somebody and you made up a fake business, you got a problem. But if you filed as a sole proprietor or an LLC, then you’re allowed to do this. But what’s happened is that people went out and lied about their business. You know, Gary Sanborn owns a casino in New Hampshire.

And this guy just got arrested because casinos were never allowed to get this money. Uh-oh. And Mr. Sanborn went out and bought Ferraris, bought his wife a Ferrari, bought Porsches, bought properties, and again, lied about what the use of the money was for. Now, if you’ve done this, you have a real problem. The lawyer groups have said, listen, what they’re doing right now, here’s the letters that are getting sent out. They’re getting compliance letters saying, maintain your documents. Now, you’ve heard things like this with the administration change right now. Maintain all your documents for the new administration so that we can have records and you’re keeping records of everything that you’ve done.

That’s what they’re doing with these people and these businesses. I’m telling you guys, they’re going to arrest people. You’re going to know people that you thought were above board, totally legit, and they lied on these forms. And you’d have government watchdogs that are just going through every single application. Every single loan is being scrutinized right now, even if it was forgiven. So if you did something wrong, if you spent the money someplace you weren’t supposed to, they’re going to come after you. And you can fix this and you can admit that it was a problem and pay the money back.

But the problem is, $793 billion, people went out and got all that forgiven. Now, the 5% of the people that never got it forgiven, those people were either charged with crimes because they were never supposed to get the money. And then the other people that got money, but they couldn’t justify where they spent it. And I’ve had multiple people reach out to me and say, you know, Dan, we use the money and now they’re saying that we don’t qualify for it to be forgiven. You don’t, then pay it back. Work out a repayment program. I’m telling you guys, there is a list and they’re actively going after these people right now.

And you’re going to see things that you’ve never seen before. So the rest are coming. Get ready. Now, if you get contacted by any authorities, have them documented. Do not just roll over and think, okay, I’m going to jail because it’s not what you should do. You should document everything. And again, they’re going to send you out a letter and a demand first before they do anything. Victor Font was a business owner in Raleigh, North Carolina. He got a phone call where somebody called and said, listen, we have an arrest warrant for you. And you need to comply and pay your bail at $5,500 because you didn’t show up in federal court or we’re going to arrest you.

And he was like, what are you talking about? So what they did was they read back all the information from this guy’s PPP loan application. And he was floored because they knew the bank, they knew how much he borrowed, when he borrowed, when the disbursements were made. And again, guys, I can find this out about any company. You can point this out right now. If you go down to the video description, you can see all the lists. Anybody you want to know and how much they got and if they lied to you or you worked for somebody and they told you they got 20 grand and they got 80, you’re going to be able to find that out.

But Victor got $11,500 from his PPP loans and where he should have had some sense was they told him to go to an ATM and withdraw the money. Well, wait a second. I can’t get $5,500 out of an ATM. So he goes to the bank and the bank didn’t question him bringing out $5,500 in cash. Not everybody can do that. So he did it and he had to go to a Bitcoin ATM to pay the bail amount. Now, again, hello, wouldn’t you sit there and say, I’m not going to do this? Now, he says I was very foolish.

Now, what they did was they told him that he needed to pay the other $6,000 immediately or face arrest. So Victor was clearly worked up, but they got $11,500 from Victor. And when he went to the federal court the next day to say, listen, I want to find out where my warrants at and what the status of my bail is, they were like, who are you? What are you talking about? You’re not in the docket for anything. There’s no federal charges against you. So Victor felt kind of stupid like this. So please, guys, don’t just go out and roll over.

If you get contacted, document everything, but they are arresting people. And the chances that you know somebody that’s going to get arrested for this are good right now. And once again, the scoundrels that went out and got multiple loans, those people have real problems because it’s very simple. When you file, when you have a business and you have employees and you file a tax return, the, you know, payroll money is taken out and that gets reported to the feds every quarter. Simple enough, right? But what happens is people went out and did something stupid where they went out and got multiple loans and went out for one company, got the PPP loan, got it dismissed, and then went out and got a new loan.

And did that again and again and again. Jail time, guys. They’re done. So mark my words, guys. This is happening. This is bad. But the lawyers that are out there, the lawyers are circling the wagons. The lawyer I spoke to were going to all our clients to have them prepare for the worst, have them make sure the company was legit. Now, guys, four years ago, guys, and these people went out and, hey, if you’ve done something, you know, step forward and bring it to life. Because you’d rather work a deal out than go to jail and be coughed and perf-walked and all that fun stuff.

Mr. Sanborn, who lied about what his casino did, there were certain things that were illegal that you couldn’t sell weaponry. You couldn’t own a casino, couldn’t own certain alcohol distributors, cannabis, things like that. We’re not eligible for those loans. You didn’t stop anybody. If you lied, I’ll do what I want to do. So kind of wild. But again, guys, you know, don’t assume anything. Anybody who reaches out to you, have them document it. If they are from a governmental agency, have them prove that. But use the tools below to see who is on the list if you want.

Okay, there’s no warrant list. The warrant list, they’re actively doing this. If you’ve done something wrong or your business partner did something wrong, it’s CYA time, guys. In the first words, cover and the, you know, in the middle words, your, okay? So protect yourself and be smart during this time because it’s only going to get worse, guys. Okay? They’re going to come after these people. And with the new administration, don’t think it’s going to be just forgiven and everything’s going to be great. It’s not. Okay? Don’t forget to hit the like button, subscribe to the channel and protect yourself and be ready.

And I’m telling you, people that you know, how did that guy get away with it? He didn’t. I know of jewelry stores that the guy bought Ferraris. I know of all these things that people have shared with me, coffee shops that lied about the number of employees. All this is done, guys. It’s all done. Okay? Mark my words. I’ll see you soon. [tr:trw].

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