Lil Wayne And His Company Accused Of Lying About Drug Use To Obtain $9M Government Loan During Pandemic

Lil Wayne is accused of lying about drug use to get $9 Million in pandemic loans from the government.

According to the Business Insider, in 2021,  the hip-hop legend, whose real name is Dwayne Carter, informed the government that his touring company was a “drug-free workplace” and that the “dangers” of drugs such as weed was “communicated to employees.”

Under the terms, if anyone violated the rules, they would be punished or forced to go to a drug rehabilitation center, BET reported.

The Small Business Administration issued Lil Wayne’s company Young Money Touring Inc. a $8.9 million check.

A report said the SBA did not thoroughly investigate the claims of Lil Wayne’s company.

Last year, the inspector general of the agency said that employees had only four hours to do a complete review of the applications.

The SBA also said that the drug certification process was “fairly narrow”  and it didn’t cover “personal actions” of company employee’s like Lil Wayne, or “any drug use outside the period from March 2020 to June 2022.”

Lil Wayne’s company received the funds under the Shuttered Venue Operators Grant program, which was created to help struggling music venues from going bankrupt. I

“The SBA’s process of monitoring and auditing of grant recipients is actively ongoing. To date, about $40 million has been returned from SVOG grantees and additional files have been referred for ongoing criminal investigation or civil recovery,” the agency said. “To date, none of the recoveries relate to the drug-free certification,” a spokesperson for the SBA stated in regards to drug violations.