Trump Administration Launches $22 Billion Clawback of COVID-19 Loan Fraud for 562,000 Loans
The U.S. Small Business Administration has referred 562,000 suspected fraudulent loans to the U.S. Department of the Treasury for collection, marking the SBA’s largest referral package on record. The borrowers are tied to $22.2 billion in delinquent Paycheck Protection Program and COVID Economic Injury Disaster loans that were previously flagged for suspected fraud during the Biden Administration …