{"id":36112,"date":"2022-07-25T15:14:35","date_gmt":"2022-07-25T15:14:35","guid":{"rendered":"https:\/\/test.nahtnow.com\/?p=36112"},"modified":"2022-07-26T14:38:18","modified_gmt":"2022-07-26T14:38:18","slug":"jake-hoffman-fast-cars-worldwide-traveling-and-pulling-ppp-loans","status":"publish","type":"post","link":"https:\/\/test.nahtnow.com\/en\/jake-hoffman-fast-cars-worldwide-traveling-and-pulling-ppp-loans\/","title":{"rendered":"Jake Hoffman, Fast Cars, Worldwide Traveling And Pulling PPP Loans"},"content":{"rendered":"

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House candidate Jake Hoffman lives large in fast cars, traveling worldwide and pulling PPP loans.<\/p>\n

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His company pulled more than $450K in federal loans while he bought an Aston Martin.<\/div>\n
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House candidate\u00a0Jake Hoffman<\/strong>\u2019s\u00a0Instagram account<\/a>\u00a0<\/strong>shows he loves luxury cars, lavish vacations, and the rewards of success. Nothing wrong with that, but the fact his lifestyle stepped up in 2020 raises questions.<\/p>\n

For example, why was his business pulling a\u00a0Paycheck Protection Program<\/a><\/strong>\u00a0loan at the peak of the pandemic? And were federal dollars meant to keep his payroll healthy also feeding his appetite for European sports cars?<\/p>\n

Two days after Christmas in 2020, Hoffman took to\u00a0Instagram<\/a><\/strong>\u00a0to show off a birthday present to himself: an\u00a0Aston Martin V8 Vantage<\/a><\/strong>.<\/p>\n

\u201cIt\u2019s probably not the best idea to stunt at the end of 2020 with all the pain and suffering across the world,\u201d Hoffman acknowledged in the post. But sharing a rags-to-riches story, he discussed the importance of upgrading from a 1989 Cadillac El Dorado. He also notes since the successful companies he operated online \u2014 Hoffman co-founded\u00a0Invasion Digital Media<\/a><\/strong>\u00a0\u2014 pandemic conditions that closed down offices throughout the world had not his bottom line so hard.<\/p>\n

\u201cWhile 2020 has been tough on a lot of people, if you\u2019ve spent the last decade fortifying, building and investing in multiple 100% digital companies, this year was actually pretty great, as taboo as that is to say,\u201d he said.<\/p>\n

That quote is from the story he told to media outlets when he\u00a0announced his candidacy<\/a><\/strong>\u00a0for Florida House District 65. His company partnered with athletes in the NFL and UFC, and while he could work from home on his computer, Hoffman said lockdowns that shut down gyms and sporting events in the country caused hits to the bottom line, blaming in part pandemic policies.<\/p>\n

While new Aston Martin V8 Vantage would have cost\u00a0upward<\/strong><\/a>\u00a0of $142,000, Hoffman told Florida Politics his car is a 2008, and was purchased through a private transaction for $29,000. He said a Digital Credit Union loan on his\u00a0financial disclosures<\/strong><\/a>\u00a0is for that automobile.<\/p>\n

On Twitter, he criticized Florida Politics over the story, stating, \u201cIs this the same publication that faced multiple extortion charges after they write hit pieces? Clearly you\u2019re looking for a new customer. I told you 6 months ago and I\u2019ll say it again, I\u2019m not paying you criminals.\u201d<\/p>\n

Actually, it was Hoffman who first\u00a0reached out<\/strong><\/a>\u00a0to Florida Politics about advertising.<\/p>\n

More important than statements to the media, Hoffman also poor-mouthed the federal government. He sought a PPP loan in the first round of funding and received $217,767, an amount since completely forgiven. He requested funding to cover $180,000 in payroll, along with $20,000 in rent and $17,767 in utility costs for the business, according to a database maintained by\u00a0ProPublica<\/a><\/strong>.<\/p>\n

That doesn\u2019t appear to be the only loan the company pulled. Invasion Digital Media operates under the corporate umbrella Hoffman Publishing, which also pulled a $233,750 loan in the\u00a0second round<\/a><\/strong>\u00a0of PPP funding. Again, the loan was fully forgiven, including interest. In the loan application, the funding sought the full amount to cover payroll expenses.<\/p>\n

While the first loan was approved in April 2020, weeks after he posted pictures of a trip to\u00a0Portugal<\/a><\/strong>\u00a0but during very early and uncertain stages of the pandemic, the second installment won support in January 2021, after Hoffman boasts about the purchase of his sports car online and a month before he posted shirtless photos from a vacation to\u00a0Puerto Rico<\/a><\/strong>.<\/p>\n

But social media shows Hoffman\u2019s lifestyle never slowed down. He was\u00a0married<\/a><\/strong>\u00a0in May in a wedding in front of an Irish castle and honeymooned in\u00a0Monte Carlo<\/a><\/strong>\u00a0and\u00a0Saint Tropez<\/a><\/strong>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

House candidate Jake Hoffman lives large in fast cars, traveling worldwide and pulling PPP loans. His company pulled more than $450K in federal loans while he bought an Aston Martin. House candidate\u00a0Jake Hoffman\u2019s\u00a0Instagram account\u00a0shows he loves luxury cars, lavish vacations, and the rewards of success. Nothing wrong with that, but the fact his lifestyle stepped Read More…<\/a><\/p>\n","protected":false},"author":1,"featured_media":37623,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_links_to":"","_links_to_target":""},"categories":[6,1],"tags":[1491],"_links":{"self":[{"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/posts\/36112"}],"collection":[{"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/comments?post=36112"}],"version-history":[{"count":1,"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/posts\/36112\/revisions"}],"predecessor-version":[{"id":36114,"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/posts\/36112\/revisions\/36114"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/media\/37623"}],"wp:attachment":[{"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/media?parent=36112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/categories?post=36112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/test.nahtnow.com\/en\/wp-json\/wp\/v2\/tags?post=36112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}