This article discusses a new report from the Small Business Administration (SBA) which reveals that over $200 billion in federal aid to small businesses during the pandemic may have been given to fraudsters. The SBA Office of Inspector General found that the agency weakened or removed certain requirements to distribute the funds quickly, allowing fraudsters to take advantage of the situation. The SBA has since implemented measures to prevent fraud and is encouraging small business owners to report any suspicious activity to the SBA Fraud Hotline.
