Lil Wayne, Post Malone Accused Of Scamming IRS Out Of Millions In SBA Grants
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Lil Wayne and Post Malone are being accused of lying to the IRS about their respective workplace environments in order to secure millions in Small Business grants during the COVID-19 pandemic.
On Friday (March 15), Business Insider revealed that the outlet had filed a Freedom of Information Act lawsuit against the Small Business Administration (SBA) in an attempt to gather information regarding celebrities they believe had wrongfully received business loans during the global crisis.
Among those accused are rap stars Lil Wayne and Post Malone, whom Business Insider says received grants for $8.9 million and $10 million, respectively. The loans were filed through Tunechi’s Young Money Touring Inc. and Malone’s Posty Touring Inc.
According to Business Insider, Wayne and Malone lied about having “drug-free work environments,” which is a required in order to receive a grant, on their respective SBA applications. The outlet pointed to each artist’s past admissions of drug use, such as Weezy’s consumption of marijuana and Malone’s usage of shrooms, as evidence to the contrary.
“The SBA’s process of monitoring and auditing of grant recipients is actively ongoing,” a statement from Business Insider read. “To date, about $40 million has been returned from SVOG grantees and additional files have been referred for ongoing criminal investigation or civil recovery. To date, none of the recoveries relate to the drug-free certification.”
In December 2023, Malone settled a lawsuit with law firm Martorell Law after being accused of making a secret agreement with his ex-girlfriend, Ashlen Diaz, in order to cut Diaz’s lawyers out of commissions owed related to a palimony case involving the former couple.
That same month, Lil Wayne was also hit with a lawsuit filed by his former bodyguard, who claims the hitmaker physically assaulted him and threatened him with a semiautomatic rifle. That lawsuit is still pending.
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