SBA Inspector General is Currently Conducting 500+ PPP/EIDL Investigations

August 14, 2024

Delaney Sexton
Contributing Editor

SBA Inspector General is Currently Conducting 500+ PPP/EIDL Investigations

The SBA Office of Inspector General has secured more than 1,000 arrests and over 800 convictions related to PPP and/or EIDL fraud. Their July 2024 newsletter revealed an updated view of their investigative work related to fraud in the pandemic loan programs. The OIG has issued 45 pandemic-related reports that supplied 121 related recommendations. They have also been involved in 13 congressional hearings and more than 100 congressional briefings.

These are other OIG investigative accomplishments:

Source:
SBA OIG July 2024 Newsletter