Abrams-linked Group Got $500k in PPP Loans After $20 Million in Donations

Stacey Abrams is having a very bad week.

I have been calling this woman a grifter since she lost her 2018 election, and I am being proven correct.

Remember those old Grey Poupon commercials… “How do you think I got so rich?”

For Stacey Abrams, it is by being a corrupt political hack.

Show Me the Money

PPP loans were meant to help small businesses get through the pandemic from the forced shutdown.

The New Georgia Project, founded by Abrams in 2014 when she was still a member of the Georgia state House, dipped its paws in the PPP till.

The organization received $482,000 from the program.

According to the filing, it was used to pay for 95 jobs.

Yet, in 2020, according to its filings, the organization received $24.5 million in contributions and grants.

That is a whopping $23 million more than the previous year, where the organization only brought in $1.6 million.

So, the question is, if you could operate the foundation on $1.6 million, how could you not operate it on $24.5 million?

As is typical in scam organizations like this, as the donations rose, salaries for staffers increased.

In this case, the organization spent $1.9 million in 2020, compared to $1.3 million the year before.

The project director received a more than 58-percent pay increase, getting a raise of $69,345 from her 2019 salary.

The group also finished the year with almost $18 million on the balance sheet in assets.

So, can someone please tell me why they needed almost $500k in a taxpayer-funded loan?

Oh, here is the kicker… the loan has been marked as “forgiven” in the ProPublica database.

And you wonder how Stacey Abrams went from $100,000 net worth in 2017 to more than $3 million in 2022.

She is corrupt to her core… that is how.

Source: Fox News

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