All posts tagged "900 Minnesota borrowers tied to suspected pandemic-era fraud. The loans"

SBA Administrator Kelly Loeffler just dropped a bombshell, announcing the suspension of nearly 6,900 Minnesota borrowers tied to suspected pandemic-era fraud. The loans, worth nearly $400 million across PPP and EIDL programs, are now frozen as part of a sweeping federal crackdown targeting what may be one of the largest welfare fraud scandals in U.S. history. But that’s not all. Loeffler’s unprecedented move includes halting all SBA support programs in Minnesota, from Small Business Development Centers to microloans, and what federal investigators uncovered behind this decision has lawmakers demanding criminal prosecution… 𝗥𝗘𝗔𝗗 𝗙𝗨𝗟𝗟 𝗦𝗧𝗢𝗥𝗬 👇

  In a stunning announcement shaking the business world, SBA Administrator Kelly Loeffler has ordered the suspension of nearly 6,900 Minnesota borrowers linked to suspected pandemic-era...