TRUMP’S SBA CHIEF FINDS 7,000 FAKE LOANS WORTH $430M IN MINNESOTA ALONE
Small Business Administrator Kelly Loeffler says her team found 6,900 fraudulent small business loans in Minnesota that stole $430 million from taxpayers.
It took them 2 days to find $3 million worth of fraud once they started looking.
“It didn’t take long when we scratched the surface within two days to find $3 million worth of fraud.
Then it accumulated up to $430 million, 7,000 fraudulent borrowers. That’s in one state.”
Loeffler says this is pandemic-era fraud that the Biden administration tried to sweep under the rug.
Now handcuffs and jail time are coming for the fraudsters.
If they found nearly half a billion dollars in fraud in Minnesota within days of looking, the question is how much more is sitting in the other 49 states.
Source: Fox News,
@WallStreetApes
🇺🇸 TRUMP'S SBA CHIEF FINDS 7,000 FAKE LOANS WORTH $430M IN MINNESOTA ALONE
Small Business Administrator Kelly Loeffler says her team found 6,900 fraudulent small business loans in Minnesota that stole $430 million from taxpayers.
It took them 2 days to find $3 million worth of… pic.twitter.com/RCmQnAlpcD
— Mario Nawfal (@MarioNawfal) January 21, 2026