Vance Says 870,000 Suspected PPP Fraudsters Will Be Barred From Federal Loans
The move follows a state-by-state review and adds to suspensions tied to $49 billion in suspected pandemic loan fraud, officials said.
- On Monday in Kansas City, Missouri, Vice President JD Vance announced the administration has permanently barred nearly 870,000 borrowers from future Small Business Administration loans as part of a crackdown on suspected pandemic-era fraud.
- The SBA's action addresses widespread abuse in pandemic-relief programs, as the inspector general estimates at least $200 billion distributed through the Paycheck Protection Program and Economic Injury Disaster Loan programs showed signs of potential fraud.
- Attorney General Todd Blanche highlighted the case of Jamie Gray, charged with wire fraud in an alleged scheme involving nearly $56 million in intended losses, including a business called "Fur Lives Matter" with no connection to Gray.
- The Justice Department has made nearly 90 prosecutorial decisions in three months, while Operation Heartland Surge resulted in actions involving more than 160 defendants and approximately $245 million in intended losses.
- Following the announcement, Vance is scheduled to travel to Olathe, Kansas, later Monday for a campaign event with Republican Sen. Roger Marshall, who is seeking reelection this year.
13 Articles
13 Articles
‘870,000 suspected fraudsters…’: Vance, Blanche unleash fraud crackdown in COVID loan cases
Vice President JD Vance and Attorney General Todd Blanche unveiled new fraud charges tied to COVID-era emergency assistance programs, as the Trump administration intensifies its crackdown on alleged pandemic relief fraud. Vance also announced that roughly 870,000 people suspected of defrauding pandemic-era small business programs will be suspended from receiving future federal loans.
JD Vance Calls for Federal Loan Program Crackdown After 870,000 Allegedly Cost Taxpayers
Internewscast Internewscast KANSAS CITY — Vice President JD Vance said Monday that approximately 870,000… This Post: JD Vance Calls for Federal Loan Program Crackdown After 870,000 Allegedly Cost Taxpayers first appeared on Internewscast
JD Vance Drops The Hammer On Over 800,000 Fraudsters In America
Vice President JD Vance announced Monday that roughly 870,000 borrowers tied to suspected COVID-era fraud will be permanently blocked from accessing future Small Business Administration loans. The sweeping crackdown targets abuse of the Paycheck Protection Program and Economic Injury Disaster Loan program, two massive pandemic relief efforts that were designed to keep businesses and workers […]
Vance Says 870,000 Suspected PPP Fraudsters Will Be Barred From Federal Loans
Kansas City, Missouri — Vice President JD Vance said Monday that roughly 870,000 people linked to suspected fraud in pandemic-era small-business programs will be permanently barred from receiving future federal loans. Speaking at an FBI field office in Kansas City, Vance said the Small Business Administration is expanding its crackdown on borrowers flagged for suspected fraud involving the Paycheck Protection Program and Economic Injury Disaster…
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