Fake Texan barbecue business gets $1M PPP loan, trades crypto, profits???

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 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.”.

“Additionally, the average monthly payroll … equates to $7,500 per month, or $90,000 annually per employee. “Neither of the entities appears to have employees or to pay wages that are in any way consistent with the representation made in the PPP applications.”.

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