Hotels criticized for taking virus money face investigation
Source: ABC News
DALLAS -- A group of hotels that took, and later returned, tens of millions of dollars in federal virus-bailout money are under investigation by securities regulators for related-party transactions going back to 2018.
The Ashford companies were among the biggest recipients of federal money that was intended to help small businesses survive the coronavirus pandemic.
The companies disclosed in a regulatory filing this week that they received subpoenas from the Securities and Exchange Commission for transactions that go back long before the pandemic hit. The subpoenas went to Ashford Hospitality Trust, Ashford Inc., and Braemar Hotels & Resorts.
All three companies were founded and are run by Dallas hotelier Monty J. Bennett.
Read more: https://abcnews.go.com/Travel/wireStory/hotels-criticized-taking-virus-money-face-investigation-72191682?cid=clicksource_4380645_2_heads_hero_live_headlines_hed
THAT Monty J. Bennett, who is a friend of tRump's.
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