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Posted on 01/02/2026 8:02:09 AM PST by Red Badger
Over the last week, SBA has reviewed thousands of potentially fraudulent pandemic-era PPP and EIDL loans approved in Minnesota.
Today, our agency took action to suspend 6,900 Minnesota borrowers amid suspected fraudulent activity. In total, these borrowers were approved for 7,900 PPP and EIDL loans worth approximately $400M.
These individuals will be banned from all SBA loan programs, including disaster loans, going forward. We will also refer every case, where appropriate, to federal law enforcement for prosecution and repayment.
After years, the American people will finally begin to see the criminals who stole from law-abiding taxpayers held accountable - and this is just the first state.
https://x.com/SBA_Kelly/status/2006893291241980325
(Excerpt) Read more at x.com ...
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Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
Holy bleep.
I hope DOGE did some massive data scraping on its way out...
I am glad that there finally is a focus on the massive fraud that goes on in these transfer payment, loan and other government subsidy programs. It should be the story of the century- the absolute massive corruption in government programs. Its bigger than just the Somalis. Its a system of grift that funnels money back to Dem political and activist groups and provides grift that gets the participants rich. And its all shielded by a media that portrays it as helping the needy and that attacks any Republican or conservative who questions it as a racist who wants to kill the poor and elderly.
The taxpayers want their money back!!!
“...and this is just the first state.”
Yep.
Brace yourselves.
Here’s a thought. CLOSE the SBA.
It and the programs it “administers” should never have existed in the first place.
The entire Obama/Biden economies were based upon government spending, not actual manufacturing or creating.
Government grift and Fraud were essential to that Keynesian Economic Model. This is what ends up causing hyperinflation and collapse of a Republic. George Soros had a goal, and the US Constitution and the Republic were in the way, so he got the Democrats to help out.
EXACTLY RIGHT....................
Finding the fraud us good.
Punishing the fraud is better.
Accountability never seems to happen.
And it's a safe bet that many of them pocketed a share of the billions they helped the Somalis loot.
Shutting down some fake businesses and Locking up a few street level crininals won't change much - you have to cut off the head of the snake.
Until the high level government criminals are prosecuted and sent to prison the investigations and news stories revealing the corruption won't have much impact.
In the 1700s and 1800s, did American people need an SBA to start and maintain successful businesses?
Hard work, sacrifice, good decisions, and stick-to-it-ivness was what they had. SBA and free enterprise aren’t good partners. Sink or swim on your own without Uncle Sam providing a safety net.
Trump is killing Dept of Education. Now he can add this to the list of defunct agencies.
It is never a good thing to mix ‘Business’ with ‘Pleasure’ or ‘Government’..............
Step 1: identify the fraud.
Step 2: Stop the fraud.
Step 3: Hold people accountable.
We seem to always get stuck at step 2 after struggling with step 1.
China has a lot of fraud and corruption.
They usually execute the perpetrators.
Doesn’t stop it...............
SBA loans were being handed out lie candy around Covid. I’ll bet more than half are in default.
Hardly a surprise given all the other fraud in Minnesota.
Walz says it’s whitey’s fault.................
My husband and I started a business many years ago and an SBA loan was very helpful. The company grew, employed many people and was a total win win. But then...we weren’t fraudsters.
Anyone who still supports the Democrats has an evil and criminal heart, mind and soul.
Anyone.
Now, Kelly - tell us why the fraudsters got the loans IN THE FIRST DAMN PLACE!
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