![Charlamagne Tha God claims PPP loans were meant to defraud black Americans [Youtube/Screenshot/Charlamagne Tha God —The Breakfast Club]](https://images.dailycaller.com/image/width=960,height=411,fit=cover,f=auto/https://cdn01.dailycaller.com/wp-content/uploads/2022/08/Screen-Shot-2022-08-08-at-1.49.22-PM-e1659981039237.png "Charlamagne Tha God claims PPP loans were meant to defraud black Americans [Youtube/Screenshot/Charlamagne Tha God —The Breakfast Club]")
Host of “The Breakfast Club” Charlamagne tha God ripped President Joe Biden on Monday for allegedly targeting black Americans as the administration cracks down on fraudulent Paycheck Protection Program (PPP) loans.
Biden signed two bills Friday giving the Department of Justice (DOJ) more leeway to investigate and prosecute fraud over PPP loans, which gave money to small businesses for payroll and business expenses during the pandemic.
The Small Business Administration’s Office of Inspector General said in 2021 that more than 70,000 PPP loans totaling over $4.6 billion were potentially fraudulent, according to NY1.
Charlamagne said the loans and crackdown hurt black Americans.
“There is not one single solitary human I know with good sense who participated in PPP fraud. Why? Because we all knew it was too good to be true,” Charlamagne said, playing a clip of Biden announcing that the DOJ would punish misuse of federal funds.
“Y’all know, President Biden love locking black people up, and y’all just helped them,” Charlamagne said.
“See, I’m not wishing jail on nobody. I just understand that there’s consequences to all our actions. And for some reason in this era, people have forgotten that. All right, folks wanna do whatever it is they want to do, and then get mad when they don’t get away with it.”
“What made y’all think y’all could get away with this fraudulent PPP loan scam in the first place? Some of y’all never owned a business, never ran a business, nothing, but all of a sudden you creating these fake LLCs lying about the number of employees you have, about the profits you made. We told y’all this was going to lead to you going to PPP prison. And you did it anyway,” he continued. “I feel sorry for all the small businesses, all the small black businesses who couldn’t get any PPP money who wanted the relief, who needed the relief and for whatever reason, couldn’t get it.”
Charlamagne then said the program was “clearly a trap” for black and brown people. (RELATED: EXCLUSIVE: House Republicans Call On Congress To Rescind PPP Loans To Planned Parenthood)
“They killed two birds with one stone. In this case, they killed two n****s with one loan. Okay? Because if you a small black and brown business that couldn’t get a PPP loan, you probably ended up ultimately losing your business. So they killed black and brown businesses. And if you are a black or brown person who got a fake LLC, now you going to prison.”
“It was clearly a trap.”
Charlamagne then clarified that those who misused the loans deserve punishment.