More Trumpian vetting by the Treasury Department:
A Brooklyn man faces up to 20 years in prison after being accused of fraudulently securing $1.9 million in forgivable loans through the Paycheck Protection Program, using a portion of the funds to buy the most recent Bentley and Escalade vehicle, according to federal authorities.
Leon Miles is accused of applying to the loan program, in which funds to small businesses struggling during the pandemic are forgiven if they go towards keeping workers employed. Miles allegedly used a limited liability company under his name—114 Macon LLC, a nod to his home address in Crown Heights—to apply for $1.9 million in PPP money in May.
In previously Mnuchin-themed reports, we heard about several young men who bought Lamborghinis and at least one preacher who bought a private jet, all with bailout funds.