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.
84 Articles
84 Articles
SBA suspends nearly 14,000 borrowers in Massachusetts in fraud crackdown
The Small Business Administration has barred almost 14,000 borrowers in Massachusetts from receiving future small business and disaster loans because it suspects they fraudulently obtained pandemic-era financing.
The decision is part of a national offensive against irregularities in aid programmes created during the pandemic.
Vance Announces Massive $39 Billion Pandemic Fraud Crackdown as Federal Scrutiny of Maine Intensifies
Vice President JD Vance announced a sweeping expansion of the Trump administration’s war on fraud Monday, with the federal government suspending approximately 870,000 borrowers tied to an estimated $39 billion in suspected pandemic-era loan fraud. The massive enforcement action comes as Vance and other senior Trump administration officials have increasingly turned their attention toward Maine, [...]
JD Vance Puts 870,000 Fraudsters Who ‘Screwed the American Taxpayer’ on Notice
Vice President JD Vance announced Monday that roughly 870,000 borrowers linked to suspected pandemic-era fraud will be permanently barred from receiving future Small Business Administration loans as the Trump administration escalates its crackdown on abuse of pandemic relief programs.
Vance bars suspects connected to $39B in fraud - Regional Media News
(The Center Square) - The Trump administration suspended around 870,000 people who are tied to nearly $39 billion in government loan fraud, officials announced on Monday. "If you tried to steal from the American taxpayer, if you took funds that by all right have gone [...]
Vance warns fraudsters not to ‘screw the American taxpayer’ as operation uncovers $245M in losses • Maine Morning Star
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 receiving federal government loans after […]
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