SBA’s Loeffler Says Minnesota Fraud Is Tip Of The Iceberg
A recent warning from Small Business Administration Administrator Kelly Loeffler has heightened concerns about fraud within pandemic-era relief programs. She described a case in Minnesota as “just the tip of the iceberg,” indicating potential widespread oversight failures. Loeffler cited initial reviews uncovering thousands of potentially fraudulent SBA loans. Approximately 7,900 loans and 6,900 individuals are…