Sector Regulation Sector Regulation

US SBA’s lax controls open door to 'pervasive' fraud in small business loan program, watchdog says

By Neil Roland
  • 29 Jul 2020 17:46
  • 29 Jul 2020 17:46
The US Small Business Administration’s porous internal controls have enabled fraud schemes, including organized rings that exploit social media, to bedevil much of a small business loan program, a watchdog said.

The SBA inspector general’s office said it has launched dozens of investigations into the $374 billion Economic Injury Disaster Loan program, which

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