Report Potential EIDL Loan Fraud:
sbax.sba.gov/o...
(Loan Number: 34202)
Link to Original Deleted Video from Sarasota Tim, Courtesy of @JigsawsWorld-ro6th :
• Sarasota Tim's deleted...
Narration Credit: Z-Man
Timeline of Sarasota Tim's Finances:
Pre-Pandemic, Up to 2020 (0:48):
- Part-Time Work History, Little Savings
COVID Assistance, 2020-2021 (2:25):
- Approximately $22,000 in PPP, Unemployment & Stimulus Check benefits
Spending (4:25):
- November 2020: Buys/Leases a 2019 Toyota Camry (MSRP: $25,000)
- December 29, 2020: Tim turns 62 and begins collecting Social Security of $1,500/month
- March 21, 2021: Trades Camry in for 2021 Toyota 4Runner Premium (MSRP: $45,000)
October, 2021 (5:40):
- Economic Injury Disaster Loan (EIDL) Rolls Out, Tim obtains $58,400 loan from Small Business Adminstration intended to assist with operating expenses, payroll, rent/mortgage, other business expenses and business debt.
(www.sba.gov/fu...)
More Spending (7:50):
- April 21, 2022: Tim Buys a Used Wolf-Pup RV Trailer (approx. $11,000)
- April 29, 2022: Tim Buys a Used Honda CRF250L (approx. $4,500)
June 2023 (8:18):
- Tim releases (now deleted) video about how he lives as a minimalist on Social Security in which he goes through his budget, admitting that he used the EIDL loan proceeds for debt and had no vehicle payments.
July 2023: Tim's KZitem channel explodes from Social Security at 62 video
August 31, 2023: Tim trades his 4Runner to a dealer for a 2021 Toyota Tundra 2WD, V-8 with 34,000 miles. According to Tim, it is an even trade with no money exchanged.
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