By Dade Hayes Finance Editor Treasury Secretary Steven Mnuchin told CNBC it was “outrageous” for the Los Angeles Lakers to seek a federal COVID-19 loan and warned others applying for relief that they could risk criminal charges if they don’t follow guidelines. (See below for the clip.) The Lakers on Monday opted to give back the loan after incurring backlash from those who pointed out the federal funds were intended for small businesses decimated by the pandemic.
Restaurant chains Ruths Chris Steakhouse and Shake Shack also surrendered the funds after blowback. Several entertainment entities, among them Cinedigm and Entercom, have revealed that they have sought federal funding. “I never expected in a million years that the Los Angeles
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