Earlier, we noted that Marc Lasry, a part-owner of the Bucks and daddy to Lefty Senate Candidate Alex Lasry, has had a problem with one of his investments called "Ozy Media."
Lasry is a member of the Board, so he's supposed to be paying some attention to large-scale financial matters--like Covid "Paycheck Protection" loans.
Right?
...Ozy Media continued its chaotic downward spiral on Thursday after several former employees said the company never saved any jobs and actually slashed salaries despite receiving $5.7 million in COVID relief loans specified for payroll.
Ozy, which is under scrutiny for a pattern of fraud and deceptive business practices, had received $3.75 million in April 2020 and then another $2 million in February as a part of the Small Business Administration's Paycheck Protection Program (SBA's PPP).
Former employees told CNBC that Ozy and co-founders Carlos Watson and Samir Rao always dodged their questions about how the money, which was marked for payroll, was being used and said they still took pay cuts throughout the pandemic. ...
Oh. Maybe Lasry is not on the Board's Audit Committee? That's one excuse.
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