Nostra
Diamond Member
- Oct 7, 2019
- 91,853
- 83,510
- 3,615
Imagine that, Democrats ignoring massive fraud.
I’m starting to see a pattern.
It’s nice to have a real President who is looking out for America and not looking for a way to scam Americans.
The Small Business Administration has referred 562,000 suspected fraudulent pandemic-era loans totaling more than $22.2 billion to the Treasury Department for collection, according to the agency.
"From Day One, the Trump SBA has worked tirelessly to crack down on billions in pandemic-era fraud that the Biden Administration forgave or ignored," SBA Administrator Kelly Loeffler said in a statement.
The loans, largely tied to the Paycheck Protection Program and the COVID-19 Economic Injury Disaster Loan program, had been flagged for suspected fraud during the Biden administration but were never sent to Treasury for collection, the SBA said.
The agency accused the Biden administration of shielding suspected fraudsters by failing to pursue repayment, despite federal law requiring delinquent debts to be referred to Treasury.
"After extensive review, and with the strong support of the White House Anti-Fraud Task Force, we are taking our most decisive action yet to end a Biden-era scheme that protected over 560,000 borrowers tied to more than $22 billion in suspected pandemic-era fraud," Loeffler said.
The SBA said none of the more than 560,000 borrowers had been compelled to repay the $22.2 billion owed, and fewer than 1,000 were under investigation by the SBA's Office of Inspector General.
"For years, the Biden Administration shielded these borrowers from debt collectors as part of a de facto amnesty scheme — but today, they will finally face accountability," Loeffler continued
I’m starting to see a pattern.
It’s nice to have a real President who is looking out for America and not looking for a way to scam Americans.
The Small Business Administration has referred 562,000 suspected fraudulent pandemic-era loans totaling more than $22.2 billion to the Treasury Department for collection, according to the agency.
"From Day One, the Trump SBA has worked tirelessly to crack down on billions in pandemic-era fraud that the Biden Administration forgave or ignored," SBA Administrator Kelly Loeffler said in a statement.
The loans, largely tied to the Paycheck Protection Program and the COVID-19 Economic Injury Disaster Loan program, had been flagged for suspected fraud during the Biden administration but were never sent to Treasury for collection, the SBA said.
The agency accused the Biden administration of shielding suspected fraudsters by failing to pursue repayment, despite federal law requiring delinquent debts to be referred to Treasury.
"After extensive review, and with the strong support of the White House Anti-Fraud Task Force, we are taking our most decisive action yet to end a Biden-era scheme that protected over 560,000 borrowers tied to more than $22 billion in suspected pandemic-era fraud," Loeffler said.
The SBA said none of the more than 560,000 borrowers had been compelled to repay the $22.2 billion owed, and fewer than 1,000 were under investigation by the SBA's Office of Inspector General.
"For years, the Biden Administration shielded these borrowers from debt collectors as part of a de facto amnesty scheme — but today, they will finally face accountability," Loeffler continued
