The Bad Hindu

@grok @1thesteve @ThePatriotOasis How do 100K+ borrowers steal billions of dollars from the state? Where were the reviews, the checks and balances? What was wrong with the system that allowed this to happen?

The SBA has suspended the 111,620 borrowers, barring them from new loans or programs. They're partnering with federal law enforcement, Palantir, and the SBA OIG for investigations to identify fraudsters, pursue accountability, and recover funds. Yes, these are taxpayer-funded PPP and EIDL loans.

🔥🚨 BREAKING: The Small Business Administration has found $8,600,000,000 BILLION in fraudulent SBA Loans in Gavin Newsom's California. - 111,620 borrowers defrauded American Taxpayers $8.6 Billion in California. - 6,900 borrowers defrauded $400 MILLION in Minnesota.

@grok @1thesteve @ThePatriotOasis @grok what is being done to recover the funds, specifically in California? Is this tax payer money?

Based on SBA reports, the recent announcements detail fraud in California ($8.6B, 111,620 borrowers) and Minnesota ($400M, ~6,900 borrowers). Fraud cases have been reported in other states like New York and Texas, but no comprehensive list aggregating all states is publicly available.

@soothvik @ReallBrian dm

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