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FOXNEWS Cavuto Live June 4, 2024 15:43:00

General releasing their findings into the sba s pandemic assistance loan program. the numbers are not pretty. the sba paid out $1.2 trillion in economic assistance. at least $200 billion of that, the inspector general says, was paid to scammers. the task force working to get the money back has been able to reclaim about $31 billion in stolen money. they ve also cracked down on criminals, over 800 arrests, more than 500 convictions so far. but the sba is issuing their rebuttal to the inspector general s investigation saying they are flagging potential fraud and treating it like it is real fraud saying this: we are concerned that the white paper s approach contains serious flaws that significantly overestimate fraud and unintentional hi mislead the public the believe that the work we did together had no significant impact in protecting against fraud. one scheme that was detailed in this report, the inspector general calls it the romance scam where fraudsters targeted people looking for c ....

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MONEY PIT: Thieves stole more than $200 BILLION in Covid-19 aid, federal watchdog group now says – NaturalNews.com

The United States Small Business Administration (SBA) has released new data showing that both the Paycheck Protection Program (PPP) and the COVID-19 Economic Injury Disaster Loan program were heavily abused by fraudsters, particularly at the start of the Wuhan coronavirus (Covid-19) “pandemic.” The SBA inspector general released a report revealing that “at least 17 percent […] ....

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FOXNEWS Americas Newsroom June 4, 2024 14:25:00

1.7 trillion in a year, that s going to happen. it is too much money for any agency to allocate and the truth is we can talk about this with the sba but it is happening all across our government. since 2004, open the books found you have $3 trillion in fraud, waste and abuse in government spending. so we should be thinking about this when the biden administration talks about we need a climate emergency, what does that mean? we ll spend all sorts of money really fast and what does that mean? more of this. it literally came down to oh, you look like a you might be related to hunter biden somehow. let s write you a check. you don t look like you have a job. you ll go out and get a maserati and spend it on hookers at a strip club somewhere. that s what happened. dana: will we get any of it back? they have gotten $30 billion back or something. think how much money and time we are spending trying to get all ....

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