Oversight? What a joke. Every Minority Program everywhere is full of fraud in the form of regular companies who acquire Minority partners to fulfill the requirements for status to get contracts. Minority partners can just be placeholders, like Hunter Biden.
When I worked for SBA (40 years ago) these were known as “Meebee-Weebees” and even then that scam was pervasive.
Yep, there is even a whole new industry of smaller 3rd party minority “agent” services who bigger companies hire to bid for them. The big companies still get the contract and work but it is through one of these “minority” proxy agencies for the bid. All they do is claim the minority agency is the general contractor who hires the bigger company as their subcontractor.