SBA won't try to claw back $155 million in controversial COVID grants to celebrities
Briefly

The Small Business Administration (SBA) has reviewed $155 million in COVID relief grants paid to successful musicians, including luxury expenses. Celebrities like Lil Wayne and Marshmello received funds meant for struggling arts venues to cover private jets, luxury clothing, and high bonuses. With Congress setting aside over $14 billion for relief, little reached staff salaries. Although the spending was not deemed illegal, the SBA will not seek recovery of these funds. As the agency closes the review process, Sen. Joni Ernst plans to investigate potential misuse of pandemic funding.
An aid program for concert venues paid over $200 million to successful musicians including luxury expenses. The SBA does not plan to seek recovery of these funds.
Top recipients like Lil Wayne received taxpayer funds for private jets and luxury goods, raising concerns about pandemic spending misuse.
Read at Business Insider
[
|
]