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SBA admin wants 'CONSEQUENCES AND ACCOUNTABILITY' for Minnesota fraudsters
SBA Administrator Kelly Loeffler addresses the suspension of 6,900 Minnesota borrowers over alleged COVID-era loan fraud worth $400 million and details actions to hold criminals accountable. Subscribe to Fox Business: https://bit.ly/2D9Cdse Watch more Fox Business Video: https://video.foxbusiness.com Watch Fox Business Network Live: http://www ...
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SBA suspends THOUSANDS of allegedly fraudulent Minn. loans #foxnews #news #us #fox
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SBA suspends THOUSANDS of allegedly fraudulent Minn. loans #foxnews #news #us #fox
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SBA suspends THOUSANDS of allegedly fraudulent Minn. loans #f…
80.2K views3 days ago
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‘America will see criminals’: Loeffler cuts $5.5M in SBA funding to Minnesota over $400M loan fraud
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The Small Business Administration has suspended 6,900 borrowers in #Minnesota amid one of the largest COVID-era loan fraud investigations in U.S. history. Nearly $400 million in PPP and EIDL loans have been flagged as potentially fraudulent, including funds linked to a #Somali fraud scheme in Minneapolis. SBA Administrator Kelly Loeffler said those involved will be banned from all SBA programs and referred to federal law enforcement. Watch | The Times of India
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