https://www.gatestoneinstitute.org/17369/george-soros-covid-loan
We need to ask ourselves how “the system” — our government — facilitates this sort of racket without checks or oversight. Harvard University can be publicly shamed into returning COVID relief money, but a Soros group gets a pass? Why the disparity of treatment and accountability?
Those Americans would be repulsed at the idea [George Soros’s East-West Management Institute] getting a PPP “loan,” assuming they even knew about it — 99.9% probably had no idea
Think about it: a Soros-backed operation that manages a big chunk of the State Department’s international development operations, pretending it is like any other American “small business,” was seeking paycheck protection subsidies because of COVID. It is an insult. It is grotesque.
As reported by the Wall Street Journal on October 17, 2017, George Soros transferred $18 billion to his Open Society Foundations. EWMI is part of the greater Soros operation. Why are American taxpayers subsidizing any part of his operations?
In March, the Small Business Administration gave a $234,548 Paycheck Protection Program (PPP) “loan” to George Soros’s East-West Management Institute (EWMI).
The official description of the transaction is “to aid small businesses in maintaining workforce during the COVID-19 pandemic”, but federal grants and contracts to EWMI (its primary source of revenue) rose from $9,185,194 in FY 2019 to $14,859,293 in 2020. EWMI previously received a $226,179 PPP loan in May of 2020. As a supposedly small business struggling through the pandemic, EWMI enjoys office space at 575 Madison Avenue in New York City and 1101 Connecticut Ave NW in Washington, DC.
In November 2018, Judicial Watch published a special report, “The Financial and Staffing Nexus Between the Open Society Foundations and the United States Government.” The 28-page report is scrupulously documented with 154 footnotes citing to primary source records. A key take-away from the report concerning the activities of EWMI is that the organization manages projects for the U.S. Agency for International Development (USAID), a nominally independent component of the U.S. State Department.
For those interested, EWMI maintains a web page with documentation concerning their non-profit status and their financial statements. You can also view their self-described “Donors and Partners” who, evidently, were not able or willing to “loan” money to EWMI for paycheck protection. The list of donors and partners is quite remarkable — from the World Bank to Romania’s Justice Ministry, among many others. It makes one wonder why American taxpayers had to cover the PPP “loan.” It reminds one of Senator William Proxmire’s (D-WI) “Golden Fleece Award” for squandering the American public’s money.