Contractor faces prison time for PPP fraud. Buys $689,417 boat

2020-09-10T11:57:00-04:00

A Fort Myers, Florida, contractor has been arrested and charged with attempting to defraud the Paycheck Protection Program (PPP) meant to help keep workers employed during the coronavirus. Casey David Crowther, 35, has been charged with making a false statement to a lending institution. If convicted, he faces a maximum penalty of 30 years in federal prison.

Crowther received $2 million in funds from the PPP loan for his company, Target Roofing & Sheet Metal, and allegedly included misleading statements as to how the money would be used, stating that it would only be used for business purposes, Construction Dive reports. Shortly after receiving the PPP funds, it is reported that Crowther used a portion of the funds to purchase a 2020 40-foot catamaran boat for approximately $689,417. According to Construction Dive, the case is currently being investigated by the United States Secret Service.

The Ayn Rand Institute received PPP loan between $350k and $1 million

2020-07-08T12:31:00-04:00

The Ayn Rand Institute, a nonprofit(??) “devoted to applying Rand’s ideas to current issues and seeking to promote her philosophical principles of reason, rational self-interest and laissez-faire capitalism,” has recently accepted—I assume grudgingly—government assistance to the tune of a Paycheck Protection Program (PPP) loan between $350K and $1 million, according to The Wall Street Journal‘s Pat Fitzgerald.

This news comes from a Twitter post from The Wall Street Journal's Pat Fitzgerald (@PatFitzgerald23). In the world of architecture, Ayn Rand is perhaps best known for writing The Fountainhead, a novel that follows Howard Roark, a talented architect who refuses to fit into the status quo of the architectural expression of his time. It is well accepted that Roark's character was inspired by architect Frank Lloyd Wright and the descriptions of many of Roark's designs throughout the book could be argued to have a similar nature to Wright's.

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Contractor faces prison time for PPP fraud. Buys $689,417 boat

The Ayn Rand Institute received PPP loan between $350k and $1 million