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EIDL audit finds billions in fraud, errors
The SBA inspector general’s audit of COVID-related EIDL loans to small businesses approved by SBA found these apparent frauds or errors:
- $63 billion approved in apparent duplicate loans to the same applicants;
- $14 billion in loans to bank accounts different from those in the original application; and
- $1.1 billion to potentially ineligible applicants.
The EIDL also is on the GAO’s high-risk list for 2021.
More information:
Read the IG report:https://bit.ly/3cY9ZRW
GAO high-risk list: https://www.gao.gov/high-risk-list
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Inside this edition:
Details on PPP, EIDL, small biz items in American Rescue law
Section 3610 extended to Sept. 30
Guzman sworn in to head SBA
Set-aside award percentages plunged dramatically in 2018-19
Vendor self-assessments
Rescissions of Trump era DOL rules
EIDL audit finds billions in fraud, errors
Column: Pay equity changes are coming
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Tweaks to PPP taxes; more guidance needed
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DOL wants to push H-1b rule to 2022
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Late summer RFP for Polaris contract: GSA
Coronavirus Update
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