Law \ Legal

Ex-Citadel COVID Scammer’s Lockdown Extended By Four Years

A few months before the COVID-19 pandemic, Gregory Blotnick, having gone through the key rite of passage for hedge fund managers of having been fired by Citadel, decided to start his own. Once the plague broke out, like many small business owners Blotnick raced to the Paycheck Protection Program trough early and often—21 times.

This, of course, was wrong. Not only was it wrong because hedge funds like Blotnick’s Brattle Street Capital were technically, if not practically, ineligible for PPP bailouts. It was wrong because Blotnick had no paychecks to protect.

Source link