SBA uncovers $8.6B in California loan fraud, 111,000 borrowers implicated in scam
🚨 BREAKING: 🇺🇸 SBA investigators report uncovering $8.6 billion in fraudulent loans in California. The agency says over 111,000 borrowers were involved. In Minnesota, nearly 7,000 borrowers allegedly defrauded $400 million.pic.twitter.com/2mJcqIqWQ4 https://t.co/SZjlFQrwTp — Mario Nawfal (@MarioNawfal) February 20, 2026 Factcheck: SBA Inspector General investigations found: $8.6 billion in fraudulent EIDL and PPP loans tied to …