The warning was blunt—and it was broadcasted across national television networks, capturing the attention of policymakers, media, and the general public alike.
SBA Administrator Kelly Loeffler did not mince words when discussing the recent revelations out of Minnesota. Describing the billion-dollar fraud scandal as “just the tip of the iceberg.”
Loeffler signaled that the issues uncovered may represent only a fraction of a broader, systemic problem that could stretch across multiple states. The phrasing alone hinted at a looming cascade of discoveries, investigations, and prosecutions that might fundamentally challenge public confidence in government relief programs, particularly those implemented during the COVID-19 pandemic. Continue reading…
