US Edition
Small Business Administration says billions of dollars in fraud was found in California
The Small Business Administration flagged suspected fraud affecting over 111,000 California borrowers involving $8.6 billion in pandemic relief loans, marking a major enforcement action.
- On Friday, Small Business Administration administrator Kelly Loeffler said the agency suspended over 111,000 California borrowers for suspected COVID-era fraud.
- Following earlier enforcement in Minnesota, the SBA suspended over 111,000 California borrowers for suspected COVID-19 relief fraud, involving funds from the Paycheck Protection Program and Economic Injury Disaster Loans.
- Using strong language, the SBA administrator argued that the Trump SBA is taking decisive action, describing it as the most significant crackdown illuminating the Biden Administration's tolerated corruption, Loeffler said.
- California's Democratic Attorney General rejected the report, calling it `baseless` while state officials disputed Small Business Administration administrator Kelly Loeffler's claims.
- The alleged fraud totals up to $8.6 billion, Loeffler said, warning fraudsters they would not get a pass under President Donald Trump's administration.
27 Articles
27 Articles
Small Business Administration Suspends 111,620 California Borrowers Suspected of $8.6 Billion Fraud
The Small Business Administration (SBA) suspended 111,620 California borrowers suspected of committing fraudulent activity related to pandemic-era loan grants, the agency said in a Feb. 6 statement. The fraud involves the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program. PPP, established under the Coronavirus Aid, Relief, and Economic Security Act, provided funds to small businesses to cover up to eight week…
Trump Admin Discovers Another $9 Billion Blue State Fraud Scandal, Cracks Down On 112,000 Alleged Fraudsters In One Blue State Alone - The American Tribune.com
In another major blow against the fraud apparatus that many conservatives allege dominates blue states, Small Business Administration (SBA) Administrator Kelly Loeffler announced that her SBA had shut down a massive 112,000 suspected fraudsters in California alone, and suspects nearly $9 billion in fraud was committed by them. Specifically, Loeffler revealed in a statement that her SBA has suspended a whopping 111,620 California borrowers linked…
Trump Admin Discovers 'Staggering' Billions Stolen in Suspected California Small Business Fraud
California seems poised to become the next Minnesota after the Trump administration suspects billions have been taken fraudulently there. Over 110,000 borrowers in the state have had suspensions in federal […] The post Trump Admin Discovers 'Staggering' Billions Stolen in Suspected California Small Business Fraud appeared first on The Western Journal.
Feds Find $9 Billion in Suspected SBA Loan Fraud in California During Biden Administration
The U.S. Small Business Administration has suspended more than 111,000 California borrowers and will seek to recoup $8.6 billion in suspected fraudulent aid linked to the Covid pandemic.
'Staggering': Trump SBA Suspends 111,620 California Borrowers-Finds Nearly $9 Billion in Suspected Small Business Fraud
The Trump administration’s Small Business Administration announced Friday that the agency has suspended 111,620 California borrowers connected to $8.6 BILLION in suspected pandemic fraud.
Trump admin uncovers ‘staggering’ $8.6 billion in suspected California small business fraud
NEWYou can now listen to Fox News articles! The federal Small Business Administration suspended more than 111,000 California borrowers after uncovering $8.6 billion in suspected fraudulent activity linked to the COVID pandemic, SBA Administrator Kelly Loeffler announced Friday. “We have suspended nearly 112,000 borrowers tied to at least $9 billion in suspected fraud,” Loeffler said in a press release on Friday. “This staggering number represen…
Coverage Details
Bias Distribution
- 95% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
