Kushner-connected company sacked staff, got $1M PPP loan
A new story in the New York Post reveals that three days before obtaining a $1 million loan through the Trump SBA’s Paycheck Protection Program (PPP), Welkin Health, a software company backed by Josh Kushner’s venture capital firm, fired a third of its staff. While Congress intended for PPP funds to be used to keep small business employees on payroll through difficult economic times amid the COVID-19 crisis, many wealthy, well-connected companies have defrauded, misused, or otherwise abused the program’s limited funds. Meanwhile, many other businesses — particularly those in communities of col...