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

  • 📰 WSJ
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Small Business Focus: Care Bears boost Florida toy importer, but he needs $10 million right awayFlorida's Basic Fun has seen a sharp pickup in business since coronavirus shutdowns started lifting in May, but the toy importer needs more cash to buy goods for the Christmas shopping season. good for you. lol I have trouble with a story where someone needs '10 million right away' when millions of small businesses are a few thousand away from failing 10 million could save hundreds of local small businesses from closing up SmallBusiness failure America Canada COVID19
Source: Reuters - 🏆 2. / 97 Read more »

GOP ‘HEALS Act’ Proposal Allows Small-Business Loans to Cover Protective GearPlus, Chrissy Teigen has another food show coming to Quibi, and more news to start your day
Source: Eater - 🏆 368. / 59 Read more »

Democrats raise red flags on GOP small business plan as Biden weighs inDemocrats are gearing up to push for changes to a small business aid plan pitched by Republicans as part of the latest economic relief package, as Joe Biden called for major new investments in firms owned by people of color Open more small businesses owned by PoC so the rioters have something to burn down. Interesting photo. The female senator, a Democrat, is protecting the male senator, a Republican, by wearing a mask. The male senator, in this case marcorubio, cares about no one but himself.
Source: politico - 🏆 381. / 59 Read more »