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The Latest Breaking News from SBA

Full Extent of COVID Fraud Will 'Never Be Known With Certainty'

A new GAO report details federal prosecutors' attempts to put the horse back in the barn.

Reason

What role do small businesses play in the economy?

Entrepreneurship has increased since the pandemic, accounting for the bulk of job growth.

USAFacts

After Losing Billions to Scammers, This COVID Aid Program Won't Require All Loans To Be Repaid

But that decision seems to violate federal law.

Reason

From analysis to the latest developments in health,
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FIRE Letter to NYU School of Law About the Ryna Workman Pro-Hamas-Attack Speech Controversy

Here's the text of today's letter (see here for the full letter, including footnotes): FIRE is deeply concerned by New York University School of Law's recent suggestion to The New York Times that it may be investigating student Ryna Workman for their protected political speech amid intense public and campuswide…

Reason

Some Cancellations are Justified

Whether a person deserves to be "cancelled" for saying awful things depends on the nature of what they said and the nature of their job.

Reason

NYU Law School Student Bar Association Newsletter Expresses Support for Hamas Attack on Israel

The Daily Mail (UK) (Claudia Aoraha) reports (see also N.Y. Post), and includes this screenshot: I think the student who wrote the message should have every right to express her views, including views that support the killing of civilians. I most certainly don't share the student's views, and I do…

Reason

In massive COVID-19 relief fraud, gangs used millions in PPP, other government aid on guns, drugs, feds say

In Chicago, the price of illegal guns soared during the pandemic, but gangs were able to pay for them with fraudulent PPP and other COVID-19 relief money, agents say.

Chicago Sun-Times

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Government shutdown would have ‘serious consequences for our economy’ by halting $163 billion in federal contracts to small businesses

A government shutdown on Saturday would close the Small Business Administration, leaving small businesses that depend on it in limbo.

Fortune

How to get federal disaster aid: FEMA is running out of money, but these strategies can help survivors of Hurricane Idalia and the Maui fires get aid faster

As questions loom over the Federal Emergency Management Agency’s ability to fund disaster recovery efforts, people who lost homes to recent wildfires and storms are trying to make their way through the difficult process of securing financial aid.

The Conversation

2 former Chicago police officers charged in $2 million COVID-19 relief fraud

Torrey Price retired from the Chicago Police Department on July 15 — about two weeks before he was indicted for fraud. Aaron Price, the other former cop who’s charged, retired in 2017.

Chicago Sun-Times

Mayor Johnson, teens taking over South Loop was a ‘trend’ — toward mob action

Most people can easily spot an inappropriate use of language for what it is and what it isn’t.

Chicago Sun-Times

Ex-police union boss gets 2 years in prison for $600,000 theft

A former president of one of the nation's largest police unions has been sentenced to two years in prison for stealing $600,000 from a fund consisting of contributions from members of the Sergeants Benevolent Association

The Independent UK

Santos off to slow start on constituent casework

WASHINGTON -- When Rep. George Santos took office amid revelations that he fabricated nearly every detail of the life he presented to voters, he claimed that he would nevertheless serve them faithfully in Congress.

Tribune News Service

Santos off to slow start on constituent casework - Roll Call

House offices can handle many constituent tax cases a month. The embattled New York Republican hasn’t.

Roll Call

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Reason

District Court Strikes Down Race Preference in USDA's and SBA's Contracting Schemes

From Judge Clifton Corker's opinion today in Ultima Servs. Corp. v. U.S. Dep't of Agric. (E.D. Tenn.) [UPDATE: link fixed]: This case concerns whether, under the Fifth Amendment's guarantee of equal protection, Defendants the United States' Department of Agriculture ("USDA") and the Small Business Administration ("SBA") may use a "rebuttable…

Los Angeles Times

Kamala Harris touts the small business side of ‘Bidenomics’ at Santa Monica restaurant

LOS ANGELES — As President Joe Biden leans into pitching voters on economic progress made under his watch ahead of the 2024 election, Vice President Kamala Harris is on a mission to highlight how small businesses have fared under “Bidenomics.”

Reason

Scammers Stole $200 Billion From Two Federal COVID Aid Programs

A new audit says one out of every $6 distributed by the Small Business Administration during the pandemic was stolen.

WEKU

Federal watchdog says over $200 billion in pandemic business loans look fraudulent

The Inspector General of the Small Business Administration has released a "landscape of fraud" report highlighting why 17% of PPP and other loans appear bogus

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news in one place.

100's of premium titles.
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WEKU

Over $200 billion in pandemic business loans appear to be fraudulent, a watchdog says

The Office of Inspector General of the Small Business Administration has released a "landscape of fraud" report highlighting why 17% of PPP and other loans appear bogus.

The Independent UK

The Great Grift: More than $200 billion in COVID-19 aid may have been stolen, federal watchdog says

More than $200 billion may have been stolen from two large COVID-19 relief initiatives

Axios

"It's gotten much more complicated": GOP's post-Roe abortion catch-22

Former President Trump and other Republican presidential hopefuls are skirting questions about what abortion policies they'd support if elected.

Reason

Over $400 Billion in COVID Aid Was Stolen or Wasted

A new Associated Press analysis of government data suggests 10 percent of all COVID aid was lost to fraud or theft. That figure will likely grow.

The Independent UK

The Covid con: How billions in coronavirus relief was stolen or wasted

Criminals and gangs grabbed the money. But so did a US soldier in Georgia, the pastors of a defunct church in Texas, a former state lawmaker in Missouri and a roofing contractor in Montana

The Independent UK

The Great Grift: Five things to know about how COVID-19 relief aid was stolen or wasted

An Associated Press analysis found that fraudsters potentially stole more than $280 billion in COVID-19 relief funding; another $123 billion was wasted or misspent

The Independent UK

The Great Grift: How billions in COVID-19 relief aid was stolen or wasted

An Associated Press analysis found that fraudsters potentially stole more than $280 billion in COVID-19 relief funding; another $123 billion was wasted or misspent

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