Release of PPP loan recipients’ data reveals troubling patterns (Grifters Trump and Kushner made out well)

  • Over 25 PPP loans worth more than $3.65 million were given to businesses with addresses at Trump and Kushner real estate properties, paying rent to those owners. Fifteen of the businesses self-reported that they only kept one job, zero jobs or did not report a number at all.
  • The loans to businesses located at Trump and Kushner properties included a $2,164,543 loan to the Triomphe Restaurant Corp., at the Trump International Hotel & Tower in New York City. The company reported the money didn’t go to keeping any jobs. It later closed.
  • A company called LB City Inc, which is located at Kushner’s Bungalow Hotel in Long Branch, New Jersey, received a loan for $505,552.50 that it used to keep 155 jobs.
  • Two tenants at 725 5th Avenue, Trump Tower, received more than $100,000 and kept only three jobs.
  • Four tenants at the Kushner-owned 666 5th Avenue combined received more than $204,000, and retained only six jobs.

Source: Release of PPP loan recipients’ data reveals troubling patterns