Don Chris

Woman went shopping with $150K COVID-19 business relief loan

Woman Goes On Shopping Spree After Getting $150,000 COVID-19 Loan A North Carolina woman is facing fraud charges for going on a decadent shopping spree after getting a $150,000 COVID-19 relief loan. Prosecutors say 24-year-old Jasmine Johnnae Clifton obtained the loan for her online clothing retail business – but spent the money on shopping trips to stores like Nordstrom, Neiman Marcus and Louis Vuitton. Now she’s facing up to 30 years in prison and fines of up to $1,000,000. The Office of Small Business Administration believes that billions of dollars in loans were given to fraudulent businesses last year under the CARES Act. If you suddenly found yourself with an extra $150,000 – legally, of course – what would you spend it on?