Others that were approved for PPP loans include RAJ Capital Management LLC in Newport Beach, California. Lisa Bhathal Merage, managing partner of RAJ, said in an email that the PPP funds the company accessed were on the “lower side” of the reported range. Gottlieb until recently ran the approximately $8 billion Visium Asset Management before it shut down amid a financial fraud scandal. Loans that appear to breach the letter or spirit of the rules may not be forgiven. The Treasury plans to conduct a full review of loans of more than $2 million, meaning for now, at least many of the loans to family firms may fall under the radar.

Source: bd News24 July 13, 2020 09:56 UTC