$9 Billion in Fraud? SBA Exposes Massive Scheme in California and Minnesota
March 5, 2026
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6:23Now Playing$9 Billion in Fraud? SBA Exposes Massive Scheme in California and Minnesota
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as posted by the channelA new federal fraud crackdown is underway as officials investigate billions of dollars in alleged abuse of government programs. The Small Business Administration says investigations have already uncovered $9 billion in suspected fraud in California and hundreds of millions more in Minnesota. With a new federal task force being formed, the administration says it plans to aggressively pursue organized fraud networks targeting taxpayer funds.
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