870,000 Fraudsters Guilty of Stealing $50 Billion in Fraudulent Pandemic Loans– gellerreport.com

If you felt the government was just shoveling out money—and the system was ripe for fraud, your intuition was right. It was worse than many of us thought. Washington Times: Vice President J.D. Vance announced Monday that the government is barring 870,000 people from getting future federal loans because they are suspected of defrauding the government during the pandemic. They accounted for nearly $50 billion in bogus small business loans, officials said. Letters will be mailed out starting this week notifying them they’re banned. “If you screwed the American taxpayer, the federal government is now going to say you’re cut off,” Mr. Vance said at an appearance in Kansas City, flanked by Attorney General Todd Blanche, FBI Director Kash Patel and Small Business Administration Administrator Kelly Loeffler….  Mr. Vance, who was tapped to lead President Trump’s task force on combating fraud, also called upon Democrats to join the fraud fight. “Congressional Democrats have been so captured by far-left advocacy groups that they can’t even participate in something as common sense as protecting the American taxpayer’s money,” he said. “We can’t allow it to be normalized that the American people get stolen from by fraudsters.” (Washington Times).

The SBA announced suspensions for 870,000 PPP and COVID EIDL borrowers tied to $39 billion in suspected fraud, in our biggest fraud action to date.