SBA IG Sticks With $200B Fraud Estimate, Says Agency ‘Mistaken’ Jul 14, 2023 | 9:23 am Small Business Administration (SBA) Inspector General (OIG) Mike Ware told members of Congress on Thursday that the SBA Office of Inspector General (OIG) is “super confident” in its $200 billion estimate of potentially fraudulent COVID-19 pandemic assistance loan programs. […]
SBA OIG: Potentially Fraudulent COVID Loans Topped $200B Jun 27, 2023 | 2:50 pm The Small Business Administration (SBA) Office of Inspector General (OIG) issued a new report today estimating that of the $1.2 trillion SBA disbursed through its pandemic assistance loan programs, over $200 billion was potentially fraudulent. […]
SBA OIG Flags IT Investment, System Development, Security Problems Oct 18, 2022 | 9:35 am The Small Business Administration (SBA) must do more to improve its IT investment controls, system development and monitoring controls, and security controls according to a new report from the SBA Office of Inspector General (OIG). […]