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US: Report says federal agency failed to prevent billions of dollars in fraudulent PPP loans, as CBS 2 exposed for months
The report said oversight did not exist – the government did not have any fraud prevention measures in place when it started the Paycheck Protection Program.
Report says federal agency failed to prevent billions of dollars in fraudulent PPP loans, as CBS 2 exposed for months By Jermont Terry
June 3, 2022 / 10:42 PM / CBS Chicago
CHICAGO (CBS) -- For months, we exposed rampant fraud in the Chicago area during the COVID-19 pandemic.
Now, a new federal report says a U.S. government agency dropped the ball on preventing billions of dollars in fraudulent loans.
CBS 2's Jermont Terry pored over the scathing report from the U.S. Small Business Administration Office of Inspector General. The report said oversight did not exist – the government did not have any fraud prevention measures in place when it started the Paycheck Protection Program...
"...there’s an obvious contest that’s happening between different sectors of the colonial ruling class in this country. And they would, if they could, lump us into their beef, their struggle." ---- Omali Yeshitela, African People’s Socialist Party
(My posts are not intended as advice or professional assessments of any kind.) Never forget Excalibur.
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By Jermont Terry