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🇸🇴🇺🇸 SMALL BUSINESS ADMINISTRATION SUSPENDS SUSPECTED MINNESOTA FRAUDSTERS TIED TO $400M SCANDAL
Accountability is finally back on the menu, and the free ride for pandemic era grifters is coming to a grinding halt.
Administrator Loeffler announced the suspension of 6,900 Minnesota borrowers suspected of siphoning approximately $400 million through 7,900 fraudulent Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) applications.
These suspensions are directly linked to the massive "Feeding Our Future" network, where 75 people have already been charged in the largest pandemic relief fraud scheme in U.S. history.
By freezing access to federal loans and referring every case to law enforcement, the SBA is sending a clear message: the era of loose oversight and "socialist-style" welfare exploitation is over.
Source: @SBA_Kelly
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