AmiSight 3/24: PPP Fraud, Easy Money, and the Inevitable Ending
- Ami Kassar
- 1 hour ago
- 1 min read
A recent case highlighted by Bob Coleman is a reminder of just how far PPP fraud went—and how it ends.
One tax preparer submitted over 1,500 fake PPP applications, generating millions in loans and at least $700K in kickbacks.
He knew it was fraud. He even texted, “You gonna put my ass in jail soon.”
He wasn’t wrong. He got 10 years in prison—one of the longest PPP fraud sentences so far.
What stands out isn’t just the scale. It’s how blatant it was.
Fake incomes. Fake businesses. Copy-paste applications. And for a while, it worked.
My takeaway: Easy money always looks easiest right before it disappears. The PPP era created opportunity—but it also created a false sense that rules didn’t matter. They do.
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