19 December, 2024

How rich musicians billed American taxpayers for luxury hotels, shopping sprees, and million-dollar bonuses

https://www.businessinsider.com/lil-wayne-chris-brown-covid-relief-funds-svog-grant-2024-12

The money came from a program called the Shuttered Venue Operators Grant. Signed into law by Trump in 2020 and championed by lawmakers including Sen. Chuck Schumer, it was established as a lifeline for struggling independent venues and arts groups during the pandemic.

But pop stars used the program as a piggy bank to keep the party going, reporting by Business Insider shows. [...]

In a statement, the SBA said it followed the law. But the law directed the SBA to examine revenue, not assets. Musicians with huge bank accounts and multiple mansions were still eligible for the awards as long as their loan-out company's revenue had declined.