Vice President JD Vance announced Monday that roughly 870,000 fraudsters will be permanently barred from receiving small business loans after pilfering tens of billions of dollars from COVID-era programs.
The vice president revealed the fraud targeted the Small Business Administration’s Paycheck Protection Program and Economic Injury Disaster loans — and ended up handing out as much as $39 billion to bogus recipients.
Read more at https://nypost.com/2026/09/14/us-news/jd-vance-announces-crackdown-after-870k-people-screwed-the-american-taxpayer-from-federal-loan-program/
#vance #taxpayer #covid
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