House candidate Jake Hoffman lives big in fast cars, travels the world and takes out PPP loans
House Candidate Jake Hoffmanit is Instagram account shows that he enjoys fancy cars, lavish vacations, and the rewards of success. Nothing wrong with that, but the fact that his lifestyle has intensified in 2020 raises questions.
For example, why was his company drawing a Paycheck Protection Program ready at the height of the pandemic? And were the feds meant to keep his payroll healthy, also feeding his appetite for European sports cars?
“It’s probably not the best idea to do a stunt at the end of 2020 with all the pain and suffering around the world,” Hoffman acknowledged in the post. But sharing a rags-to-riches story, he discussed the importance of upgrading a 1989 Cadillac El Dorado. He also notes that since the successful businesses he operated online – Hoffman co-founded Invasion of digital media – the pandemic conditions that shut down offices around the world didn’t have its results so harsh.
“While 2020 has been tough for a lot of people, if you’ve spent the last decade fortifying, building and investing in multiple all-digital businesses, this year has actually been pretty great, as taboo as that may be,” he said. he declared. .
This quote is from the story he told the media when he announced his candidacy for Florida House District 65. His company has partnered with NFL and UFC athletes, and while he can work from home on his computer, Hoffman said the lockdowns that closed gyms and sporting events in the country had caused negative consequences, partly blaming pandemic policies.
While the new Aston Martin V8 Vantage would have cost to the top $142,000, Hoffman told Florida Politics his car was a 2008 and was purchased in a private transaction for $29,000. He said a Digital Credit Union loan on his financial informations is for this automobile.
On Twitter, he slammed Florida Politics over the story, saying, “Is this the same publication that faced multiple extortion charges after writing hit stories? You are clearly looking for a new client. I told you 6 months ago and I’ll say it again, I’m not paying you criminals.
In fact, it was Hoffman who was the first reach to Florida Politics about the ad.
More important than statements to the media, Hoffman also blasphemed the federal government. He applied for a PPP loan in the first round of funding and received $217,767, an amount since completely forgiven. According to a database maintained by ProPublica.
This does not appear to be the only loan taken out by the company. Invasion Digital Media operates under the umbrella of Hoffman Publishing, which also secured a $233,750 loan in the second turn PPP financing. Again, the loan was completely forgiven, including interest. In the loan application, the funding requested the full amount to cover salary expenses.
While the first loan was approved in April 2020, weeks after posting photos from a trip to Portugal but during the very early and uncertain phases of the pandemic, the second installment was supported in January 2021, after Hoffman bragged about buying his sports car online and a month before posting shirtless photos of holiday at Porto Rico.
Correction: An earlier version of the story stated that Invasion Digital Media worked with sports leagues, as opposed to individual athletes.