
United States
SBA OIG Spring 2022 Semiannual Report to Congress
This report details the Office of Inspector General's Spring 2022 Semiannual Report to Congress. The following topics are included:• Overview of the SBA and the OIG• Pandemic Response Oversight• Small Business Access to Capital• Disaster Loan Program• Procurement Assistance• Agency Management• Other...
SBA’s Handling of Potentially Fraudulent Paycheck Protection Program Loans
The Office of Inspector General (OIG) found that the Small Business Administration (SBA) did not have an organizational structure with clearly defined roles, responsibilities, and processes to manage and handle potentially fraudulent Paycheck Protection Program (PPP) loans across the program. In...
Former Seattle resident indicted for bank fraud for allegedly stealing more than $500,000 from Paycheck Protection Program
Mastermind of $11.1 million Paycheck Protection Program fraud scheme sentenced to fifteen years
Spokane Resident Pleads Guilty to Fraudulently Obtaining More Than $50,000 in COVID-19 Relief Funds
Independent Auditors’ Report on SBA’s Fiscal Year 2021 Compliance with the Payment Integrity Information Act of 2019
The Payment Integrity Information Act of 2019 requires an annual audit of the Small Business Administration’s (SBA) improper payment reporting. We contracted with the independent certified public accounting firm KPMG LLP to audit SBA’s Fiscal Year 2021 compliance with the Act.In the report, KPMG...
Two Florida Men Sentenced to Ten and Six and a Half Years in Prison for Roles in Massive COVID-19 Relief Fraud Scheme
Liberty County Man and Woman Behind My Buddy Loans Guilty of Fraud Related to COVID Relief
Fiscal Year 2021 Federal Information Security Modernization Act Review
The Federal Information Security Management Act requires the information security program of every agency to be evaluated each year. In FY 2021, SBA faced new information security challenges under the weight of lending huge amounts during the pandemic. In 2021, the agency had to deal with months of...