The Paycheck Protection Program was designed with almost no fraud prevention in a rush to distribute $800+ billion. The SBA inspector general estimated $64 billion was stolen outright, while the SBA flagged $189 billion in loans for review. One official described 'absolutely no security' and 'no validation of any information.' Fake businesses were registered from state websites. The SBA suspended 111,620 California borrowers alone for suspected fraud totaling $8.6 billion. It was called 'the biggest fraud in a generation.'
Up to $200 billion in PPP pandemic loans were fraudulently obtained -- the program had 'absolutely no security'
βThe PPP loan program has been designed in a way that practically invites massive fraud. There is no verification, no oversight, and billions are being stolen.β
π The Receipts
βοΈ The Record, Side by Side
What they said vs. what the evidence shows
β³ The Vindication Timeline
From βcrazyβ to confirmed
The Claim Is Made
This is the moment they called it crazy.
Confirmed: They Were Right
The truth comes out. Officially documented.
Confirmed: They Were Right
The truth comes out. Officially documented.
π How Right We Were
The People Speak(156)
No one's said anything yet. Be the first to drop your take.
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