Gov Newsom is a poster child for rich politicians adding to their wealth using government funds.
-------------
According to a television station in the Bay Area, several companies partially owned by California Democratic Gov. Gavin Newsom collectively received nearly three million dollars in Paycheck Protection Program loans intended to keep employees on the payroll during the COVID-19 recession.
KGO News’ investigative unit, the ABC7 I-Team, reports it “discovered discrepancies” that “appear to raise questions” about how much relief went to businesses under the umbrella of the PlumpJack Group, a hospitality management company founded by Newsom in 1992. Its properties include wineries, bars, restaurants, and a boutique hotel.
One of the companies on the list is Villa Encinal Partners Limited Partnership. State records indicate the name is traced back to the PlumpJack winery in Napa. San Francisco billionaire Gordon Getty is an investor. According to SBA data, the company received a loan for $918,720 on April 14, 2020.
ABC7 cited data that indicates Villa Encinal Partners LP retained 14 employees with those funds. The outlet crunched the numbers, adding: “Hypothetically, if divided equally, each of them would’ve received around $40,000 to cover their payroll over a period of three months – that would amount to an annual salary of around $160,000 per employee.”One of the companies on the list is Villa Encinal Partners Limited Partnership. State records indicate the name is traced back to the PlumpJack winery in Napa. San Francisco billionaire Gordon Getty is an investor. According to SBA data, the company received a loan for $918,720 on April 14, 2020.
ABC7 cited data that indicates Villa Encinal Partners LP retained 14 employees with those funds. The outlet crunched the numbers, adding: “Hypothetically, if divided equally, each of them would’ve received around $40,000 to cover their payroll over a period of three months – that would amount to an annual salary of around $160,000 per employee.”
https://www.dailywire.com/news/repor...aign=position1
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
