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Small-Business Disaster Relief Program Target of Fraud, Watchdog Says

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The federal government’s disaster loan and grant program for small businesses has been subject to more than 5,000 complaints of suspected fraud from lenders, a watchdog agency warned

The Small Business Administration’s inspector general’s office said it had been “inundated with contacts to investigative field offices from financial institutions across the nation and the complaint hotline” regarding the Economic Injury Disaster Loan and EIDL Advance grant.

 

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What do you expect when you don’t require and proof to get the loans and grants!!!

ceceliakingroc1 I mean.. we have a criminal enterprise running the country, this is to be expected. churches... THAT DONT PAY TAXES received loans. Jared Kushner received 3 LOANS FOR HIS PERSONAL BUSINESSES. We have a game show & his family robbing us in plain sight but yet.. no one stops them.

Is anyone surprised by these allegations of fraud? It's the f****** Trump administration fraud is their motto.

gee, what a surprise...

Nothing new there always been fraud when it relates to money. More jobs for auditors.

Dems: 'We want an oversight committee to see how the funds are dispursed!' Repubs: 'ok' Chaired by Dems Majority of members are Dems Head of committee is a Dem Dems: 'It's all Trumps fault! We dont know where the money went!' Anyone remember Biden in 2008?

Maybe the stimulus checks to individuals should be higher, and the businesses should be left alone.

But Trump was going to 'be the oversite'...

Nooooo! Fraud really?!

We need a major investigation on all this.

If that Lamborghini Florida man is subject to arrest, you should def incarcerate Gerberkawasaki for using loans to buy $NFLX right before ER. Guilty on two counts - 1) stuPPPidity, 2) accounting fraud cc: thestinkmarket

I wish banks cared this much about their own fraudulent ways

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