Home / Crime / $8.6 billion in suspected California small business fraud uncovered

$8.6 billion in suspected California small business fraud uncovered

The federal Small Business Administration suspended more than 111,000 California borrowers after uncovering $8.6 billion in suspected fraudulent activity linked to the COVID pandemic, SBA Administrator Kelly Loeffler announced Friday.

The federal Small Business Administration suspended more than 111,000 California borrowers after uncovering $8.6 billion in suspected fraudulent activity linked to the COVID pandemic, SBA Administrator Kelly Loeffler announced Friday.
“We have suspen… [2915 chars]

Source: New York Post | Published: 2026-02-07T15:38:12Z

Credit: New York Post

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