Small Business Administration Inspector General Testifies on Pandemic-Era Fraud
2023-07-14T12:47:37-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvOWM0XC8wMTBcLzE2ODkyNzMwNjhfMDEwLmpwZyIsImVkaXRzIjp7InJlc2l6ZSI6eyJmaXQiOiJjb3ZlciIsImhlaWdodCI6NTA2fX19Hannibal Ware, inspector general of the Small Business Administration (SBA), testified before the House Small Business Committee on his office’s COVID-19 fraud report, which states that about $200 billion in loans were potentially fraudulent. This estimate differs from SBA Administrator Isabel Guzman’s approximation of $36 billion in fraud. The SBA has stated that the inspector general’s figure is significantly higher, because it is based only on an initial automated screening and includes false positives. Inspector General Ware said this was “absolutely false.” Administrator Guzman was absent from the hearing, reportedly due to previously scheduled commitments.
Hannibal Ware, inspector general of the Small Business Administration (SBA), testified before the House Small Business Committee on his offi… read more
Hannibal Ware, inspector general of the Small Business Administration (SBA), testified before the House Small Business Committee on his office’s COVID-19 fraud report, which states that about $200 billion in loans were potentially fraudulent. This estimate differs from SBA Administrator Isabel Guzman’s approximation of $36 billion in fraud. The SBA has stated that the inspector general’s figure is significantly higher, because it is based only on an initial automated screening and includes false positives. Inspector General Ware said this was “absolutely false.” Administrator Guzman was absent from the hearing, reportedly due to previously scheduled commitments. close
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