Today in Missouri, alongside
@VP,
@AGToddBlanche,
@FBIDirectorKash, and dozens of federal and state partners, the SBA announced it has suspended 870,000 PPP and COVID EIDL borrowers tied to about $39 billion in suspected pandemic fraud – in our largest fraud announcement to date.
In close coordination with
@WHFraudTF, it’s the culmination of our state-by-state effort to identify and expose those who stole from small businesses during the pandemic.
Now, our focus shifts to clawing back those funds for the American people with
@USTreasury, including through demand letters going out across the country, and working closely with
@TheJusticeDept to ensure fraudsters face the full measure of justice.
Over the last six years, small businesses endured a global pandemic, watched Main Street relief programs fall prey to widespread abuse, and saw the Biden Administration look the other way – or attempt to wipe the slate clean through loan forgiveness.
Now, thanks to
@POTUS, hardworking taxpayers are finally getting the accountability they deserve.