Formerfedsgroup.Com

THIS! ❤️

We’ve recently had success referring qui tams to the government on behalf of whistleblowers and helping companies make voluntary disclosures for leniency.
Today, the SBA referred 562,000 borrowers to for collection on $22.2 BILLION in potentially fraudulent pandemic-era loans — marking the LARGEST debt referral in SBA history.

This action ends a yearslong de facto amnesty scheme by the Biden SBA, which refused to refer the portfolio to either Treasury or DOJ, even though the loans were both delinquent and internally flagged for suspected fraud.

Under the protection of the Biden Administration, none of the borrowers were compelled to repay their debts and fewer than 1,000 faced any inquiry from law enforcement — until today.

This historic referral would not have been possible without the strong support of the White House Anti-Fraud Task Force. The SBA is deeply grateful for the leadership of , , and the partnership of both Treasury and DOJ — which now has the files for review.

We will continue working to claw back every dollar of PPP and COVID EIDL funding owed to American taxpayers and work in lockstep with the Task Force to bring accountability to every criminal who defrauded America’s small businesses.

Read the full story:

Vance task force reveals Biden admin 'protected' 562K pandemic loans in $22.2B suspected fraud scheme The SBA says it referred 562,000 suspected fraudulent pandemic loans totaling over $22.2 billion to the Treasury, accusing the Biden era of ignoring fraud.