Marshmello, Chris Brown & More Prominent Musicians Accused of Misusing Covid Relief Funds (1 Artist Reportedly Paid Themselves $9.9 Million)
Several famous musicians have been accused of misusing Covid relief funds. According to reporting by Business Insider, a group of prominent artists took large sums of money from a pandemic relief fund called the Shuttered Venue Operators Grant that was supposed to help the arts industry.
Managed by the Small Business Administration, it was meant to keep “struggling independent venues and arts groups” afloat. Reporting suggests that the likes of Chris Brown, Marshmello, Lil Wayne and more took advantage of the grant, which offered a maximum of $10 million. Keep reading to find out more… The Shuttered Venue Operators Grant provided assistance to more than 13,000 members who qualified.
The Small Business Administration reportedly utilized “industry-leading fraud controls” to make sure that the funds were appropriately handed out.
The outlet noted that the grants were supposed to be used to cover “ordinary and necessary” payments. Grantees were only supposed to qualify if they were able to prove a 25% reduction in their revenue between the same time period in 2019 and 2020.
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