A prominent Delaware law firm founded by presumptive Democratic presidential nominee Joe Biden received a Paycheck Protection Program (PPP) loan for between $150,000 and $350,000, according to records released Monday by the Treasury Department and the Small Business Administration.
The Trump campaign told Fox News that the records conflict with recent messaging from the Biden campaign that the PPP program is both ineffective and a vehicle to reward Trump "cronies."
“Instead of attacking President Trump as an involuntary reflex, maybe Joe Biden should just say ‘thank you’ once in a while," Trump campaign director of communications Tim Murtaugh told Fox News. "The PPP saved 51 million jobs nationally, including at Biden’s old law firm and a number of companies connected to Obama administration alums. A very likely explanation is that Biden simply doesn’t know what he’s talking about and
would rather make a political weapon out of a program that helped people make their rent and mortgage payments.”
The law firm that received the big payout was originally founded as Biden and Walsh and is now known as Monzack Mersky McLaughlin and Browder.
Melvyn Monzack, who the former vice president called one of his "great friends" in 2017, has maintained close ties to the former vice president. He served as Biden's 2002 Senate reelection treasurer, as well as the treasurer for Biden's 2008 presidential run.
According to CBS News, Monzack, who has donated thousands to Biden's presidential campaign, attended a state dinner at the White House for Chinese President Hu Jintao in 2011. The law firm is also a registered agent for companies tied to Biden.
Records reviewed by Fox News show that on July 6, 1987,
Biden gave Monzack his legal power of attorney to "demand, sue for and receive all debts, moneys, securities for money, goods, chattels, or other personal property."
Meanwhile, House Speaker Nancy Pelosi's team is rejecting reports that a business connected to her husband received big money under the government's emergency coronavirus relief program
— arguing that his connection to the company is minimial.
The company, EDI Associates in San Rafael, California, has 52 employees and says it's in the "full-service restaurant business," government documents show. The company received between $350,000 and $1 million in Paycheck Protection Program (PPP) money.
“He’s an investor," Pelosi spokesperson Drew Hammill told Fox News. "He wasn’t involved in the application for the loan nor was he aware of it.”
The Washington Post reported that EDI Associates is identified in Pelosi's disclosure forms "as a limited partnership with an investment in the El Dorado Hotel. ... The value of the asset on the form -- identified as belonging to Pelosi’s spouse -- is listed as between $250,001 and $500,000."
A prominent Delaware law firm founded by presumptive Democratic presidential nominee Joe Biden received a Paycheck Protection Program (PPP) loan for between $150,000 and $350,000, according to records released Monday by the Treasury Department and the Small Business Administration.
The Trump campaign told Fox News that the records conflict with recent messaging from the Biden campaign that the PPP program is both ineffective and a vehicle to reward Trump "cronies."
“Instead of attacking President Trump as an involuntary reflex, maybe Joe Biden should just say ‘thank you’ once in a while," Trump campaign director of communications Tim Murtaugh told Fox News. "The PPP saved 51 million jobs nationally, including at Biden’s old law firm and a number of companies connected to Obama administration alums. A very likely explanation is that Biden simply doesn’t know what he’s talking about and
would rather make a political weapon out of a program that helped people make their rent and mortgage payments.”
The law firm that received the big payout was originally founded as Biden and Walsh and is now known as Monzack Mersky McLaughlin and Browder.
Melvyn Monzack, who the former vice president called one of his "great friends" in 2017, has maintained close ties to the former vice president. He served as Biden's 2002 Senate reelection treasurer, as well as the treasurer for Biden's 2008 presidential run.
According to CBS News, Monzack, who has donated thousands to Biden's presidential campaign, attended a state dinner at the White House for Chinese President Hu Jintao in 2011. The law firm is also a registered agent for companies tied to Biden.
Records reviewed by Fox News show that on July 6, 1987,
Biden gave Monzack his legal power of attorney to "demand, sue for and receive all debts, moneys, securities for money, goods, chattels, or other personal property."
Meanwhile, House Speaker Nancy Pelosi's team is rejecting reports that a business connected to her husband received big money under the government's emergency coronavirus relief program
— arguing that his connection to the company is minimial.
The company, EDI Associates in San Rafael, California, has 52 employees and says it's in the "full-service restaurant business," government documents show. The company received between $350,000 and $1 million in Paycheck Protection Program (PPP) money.
“He’s an investor," Pelosi spokesperson Drew Hammill told Fox News. "He wasn’t involved in the application for the loan nor was he aware of it.”
The Washington Post reported that EDI Associates is identified in Pelosi's disclosure forms "as a limited partnership with an investment in the El Dorado Hotel. ... The value of the asset on the form -- identified as belonging to Pelosi’s spouse -- is listed as between $250,001 and $500,000."
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