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Just a data point here. My company got a five million loan that got written off. The company claimed that around 120 jobs were at risk. However the truth is that since we are a consulting firm and our clients continued our services, the jobs were never really at risk and the owners made off with 5 million. For a company that has yearly profits in the low one million range, the owners did hit a lottery while cutting our salaries at the same time .



If it’s truly as simple as what you describe then the owners committed fraud.




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