THENATIONALPULSE (Pulse Wires) - Vance Fraud Squad Bars Almost 900,000 Suspected COVID Fraudsters From Ever Receiving Federal Loans.
Vice President JD Vance has revealed a sweeping crackdown on pandemic-related fraud, permanently barring 870,000 individuals from obtaining federal loans.
PULSE POINTS WHAT HAPPENED: Vice President JD Vance announced Monday that approximately 870,000 people suspected of fraudulently obtaining COVID-19 relief funds have been permanently barred from receiving future federal small-business loans. Speaking in Kansas City, Missouri, Vance said the Trump administration would prevent those accused of defrauding taxpayers from accessing additional federal loan programs. DETAIL: The announcement comes alongside a Justice Department crackdown on pandemic-era fraud that has resulted in charges against more than 160 people and involved approximately $245 million in alleged taxpayer losses. Small Business Administration (SBA) Administrator Kelly Loeffler said the 870,000 suspended borrowers are connected…Open