The Trump administration’s Small Business Administration announced Friday that the agency has suspended 111,620 California borrowers connected to $8.6 BILLION in suspected pandemic fraud.
In a press release, SBA Administrator Kelly Loeffler noted, “Once again, the Trump SBA is taking decisive action to deliver accountability in a state whose unaccountable welfare policies have created a culture of fraud and abuse at the expense of law-abiding taxpayers and small business owners.”
“Today, we announced we have suspended nearly 112,000 borrowers tied to at least $9 billion in suspected fraud. This staggering number represents the most significant crack-down on those who defrauded pandemic programs, and it illuminates the scale of corruption that the Biden Administration tolerated for years.
“As we did in Minnesota, we are actively working with federal law enforcement to identify the criminals who defrauded American taxpayers, hold them to account, and recoup the stolen funds. As we continue our state-by-state work, our message is clear: pandemic-era fraudsters will not get a pass under this Administration.”
Loeffler took to X to add, “California, just like Minnesota, invites criminals to abuse the system with socialist welfare policies. Fraud scaled up massively during the pandemic – and the Biden Admin failed to stop it.”
“In San Diego, I visited a single address tied to 14 different ‘small businesses’ that were formed during the pandemic, who received $2M+ in COVID-era loans that still haven’t been fully repaid.”
“The era of abuse is over.”
Hellbound and Down 