Vance Announces About 870,000 People Suspected of Defrauding COVID-Era Programs Barred From Future Federal Loans
Officials said the suspensions cover $39 billion in suspected fraud and will block borrowers from future federal loans and contracting.
- 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; the inspector general estimates more than $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; Operation Heartland Surge resulted in actions involving more than 160 defendants and approximately $245 million in intended losses.
- Later Monday, Vance is scheduled to travel to Olathe, Kansas, for a campaign event with Republican Sen. Roger Marshall, who is seeking reelection this year.
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Vance warns fraudsters not to ‘screw the American taxpayer’ as operation uncovers $245M in losses
KANSAS CITY, Mo. — The federal government is going after thousands of people suspected of stealing millions of dollars from taxpayers through their participation in a COVID-19 pandemic program meant to protect small businesses and workers, Vice President JD Vance said Monday. The government is permanently suspending 870,000 people from getting federal government loans for […]
POLITICS: BREAKING: VP Vance Delivers HUGE Updates on Fraud! – Video
Vice President Vance Remarks on Efforts to Combat Fraud Vice President JD Vance was joined by federal and state officials in Kansas City, Missouri for a press conference on combating fraud. He said 870,000 individuals were alleged to have fraudulently participated in COVID-era Paycheck Protection Program loans. Vance also took questions from reporters on a court overturning Republican redistricting efforts in Missouri, the U.S.-Canada trade disp…
Vance: Over 870,000 Alleged COVID Fraudsters Banned From Federal Loans
“If you screwed the American taxpayer, the federal government is now going to say you're cut off." The post Vance: Over 870,000 Alleged COVID Fraudsters Banned From Federal Loans first appeared on Le·gal In·sur·rec·tion.
Vance says 870,000 borrowers barred from federal loans in pandemic-fraud crackdown
KANSAS CITY, Mo. — Vice President JD Vance said Monday the Trump administration has permanently barred about 870,000 people tied to suspected pandemic-era loan fraud from obtaining future federal small-business loans, calling the action a warning that “if you screwed the American taxpayer,” the government will cut them off. Vance made the announcement at an… The post Vance says 870,000 borrowers barred from federal loans in pandemic-fraud crackd…
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