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“This is akin to dipping their hands into a charity jar.”Īmong those approved: Rothschild Capital Partners LLC, a New York-based firm that manages money for its chief executive, David D. “The PPP was meant for struggling small businesses who aren’t able to operate at normal capacity,” said Andrew Park, senior policy analyst at Americans for Financial Reform. Still, it was not always clear why the families found it necessary to apply for emergency cash, usually for less than $1 million, given the substantial funds available implied by having private investing vehicles. Treasury Department and SBA shows only that the loans were approved from the Paycheck Protection Program (PPP) but does not say how much was disbursed or if they had been returned or forgiven.
#Serial de oro office 2007 enterprise serial#
The companies - often referred to as “family offices” - approved for the forgivable loans from the Small Business Administration (SBA) included those that oversee money for the family that co-owns the National Basketball Association’s Sacramento Kings the former manager of a multi-billion dollar hedge fund firm and a serial Las Vegas entrepreneur.
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FILE PHOTO: Jacob Gottlieb, Managing Partner & Chief Investment Officer, Visium Asset Management, attends a panel discussion titled "Covering Your Assets: A Crash Course on Investing in a Macro Driven Environment" at the annual Skybridge Alternatives Conference in Las Vegas, Nevada, U.S.