Administrator Loeffler Orders Full-Scale Audit of 8(a) Contracting Program

Administrator Loeffler orders full-scale audit of 8(a) Contracting Program

Investigation will refer fraud, bribery for enforcement

SBA launches sweeping 8(a) program audit after $550M fraud uncovered

The U.S. Small Business Administration (SBA) has launched a full-scale audit of its 8(a) Business Development Program following a Department of Justice investigation that exposed more than $550 million in fraudulent contract awards. The audit, mandated by SBA Administrator Kelly Loeffler, will cover contracts spanning the past 15 years and initially focus on high-value, limited-competition awards. The move follows findings of widespread corrupti…

SBA Administrator Orders Audit of 8(a) Program Following DOJ Investigation

WASHINGTON, D.C. — U.S. Small Business Administration (SBA) Administrator Kelly Loeffler recently announced a full-scale audit of the agency’s 8(a) Business Development Program in response to a U.S. Department of Justice (DOJ) investigation that uncovered a major fraud and bribery scheme involving federal contracts. “In recent years, SBA’s 8(a) Business Development Program has seen rampant fraud – and increasingly egregious instances of abuse,” …