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A private real-estate manager with more than $1 billion in assets under management has agreed to settle a whistleblower action for allegedly abusing a federal pandemic loans program meant for small businesses.
We remember the onset of the pandemic all too well. Not only were the health concerns and consequences for the United States real and profound, but measures to protect the health of the population risked extreme economic consequences. Congress acted swiftly to prevent the worst consequences, appropriating $2.2 trillion within weeks through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Through supplements, this number ultimately ballooned to over $5 trillion.
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