Political speech, timestamped and in context

J. D. Vance: “A ring of fraudsters...stole hundreds of thousands of dollars in PP loans.”

Featuring: J. D. Vance, Republican | Vice President of the United States | National

BREAKING NEWS: JD Vance Holds Rally For Florida Republicans Ahead Of Midterm Elections

Published October 1, 2026

You know, one thing I was just looking at was a crazy investigation that our administration opened this year into a ring of fraudsters who are operating out of Florida, but also out A ring of fraudsters...stole hundreds of thousands of dollars in PP loans. from you, your law abiding tax dollars. And you know what they did with it? They bought luxury cars and mansions. (20:38–20:50)

STATEMENT

Asserts that a fraud ring stole hundreds of thousands of dollars in PP loans.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

See the main statements from J. D. Vance in this video

“We marked 1 million new jobs created under President Donald J. Trump, 60,000 of them here in Florida.”
Asserts that 1 million new jobs were created under President Trump, with 60,000 in Florida.13:37-13:45
“Home prices under Joe Biden's leadership doubled.”
Asserts that home prices doubled under Joe Biden's leadership.14:09-14:14
“We are seeing drug prices drop at their fastest rate since the 1960s.”
Asserts that drug prices are decreasing at their fastest rate since the 1960s.15:05-15:11
“Nearly 5 million Floridians no longer pay taxes on Social Security.”
Asserts that nearly 5 million Floridians no longer pay taxes on Social Security.15:32-15:38
“For 16 months, we haven't released a single illegal immigrant at the border.”
Asserts that no illegal immigrants have been released at the border for 16 months.18:55-19:01
“Fentanyl deaths in this great state were down by nearly 50%.”
Asserts that fentanyl deaths decreased by nearly 50%.19:16-19:21
“The murder rate is at a 126 year low.”
Asserts that the murder rate is at its lowest in 126 years.19:45-19:51
“These guys funded the assassination of the President of Haiti using your PPP funds.”
Asserts that PPP funds were used to fund the assassination of the President of Haiti.21:19-21:28
“The Democrats... have fought our anti-fraud efforts tooth and nail every single day.”
Asserts that Democrats have consistently opposed anti-fraud efforts.05:56-13:23
“Ashley Moody has been fighting for food transparency.”
Asserts that Ashley Moody is advocating for transparency in food labeling.06:30-06:34
“She's been fighting to keep the garbage out of our food supply.”
Asserts that Ashley Moody is working to remove harmful substances from the food supply.06:34-06:38
“She has been fighting to make sure the state of Florida gets the aid it deserves after a bad storm.”
Asserts that Ashley Moody is advocating for Florida to receive appropriate disaster aid.06:41-06:48
“Byron Donalds has been an amazing warrior for the state of Florida for six years in Congress.”
Asserts that Byron Donalds has served in Congress for six years.07:19-07:26
“Under their [Joe Biden and the Democrats'] leadership, they had 8% inflation.”
Asserts that inflation was at 8% under Joe Biden and the Democrats' leadership.13:55-14:01
“Under Joe Biden, and in 2025, we brought it down below 2%. And so far, in 2026, we've got it down below 3%.”
Asserts that under Joe Biden, a specific metric was reduced below 2% in 2025 and below 3% in 2026.14:00-14:08
“Pharmaceutical prices skyrocketed under Joe Biden and the Democrats leadership.”
Asserts that pharmaceutical prices increased significantly under Joe Biden and Democratic leadership.14:33-14:39
“We ended taxes on tips. We ended taxes on overtime. We ended taxes on car loans.”
Asserts that taxes on tips, overtime, and car loans were ended.15:21-15:29
“We ended what was called the disparate impact regime that the Democrats forced on our country.”
Asserts that the disparate impact regime was ended.16:52-16:59
“We're finally cracking down on fraud in the United States of America.”
Asserts that there is a crackdown on fraud in the United States.20:06-20:11
“The Biden folks, they knew about this [fraud], but they did absolutely nothing.”
Asserts that the Biden administration was aware of the fraud involving PPP funds but took no action.21:29-21:32
“We just sentenced one of those money launderers to prison for two decades.”
Asserts that a money launderer involved in the fraud was sentenced to 20 years in prison.21:44-21:50
“Angie Nixon... has repeatedly called to defund the police and abolish prisons.”
Asserts that Angie Nixon has called for defunding the police and abolishing prisons.23:10-24:09
“Angie Nixon... wants to raise your taxes but makes $300,000 a year.”
Asserts that Angie Nixon supports raising taxes while earning $300,000 annually.23:10-25:56
“David Jolly... was an MSNBC pundit and before that he was a CNN pundit.”
Asserts that David Jolly previously worked as a pundit for MSNBC and CNN.26:48-27:11
“David Jolly was against government-run healthcare. Now he's for it.”
Asserts that David Jolly changed his position on government-run healthcare.29:52-29:57
“David Jolly was against raising taxes on the middle class, but now he says he's for it.”
Asserts that David Jolly changed his position on raising taxes on the middle class.29:56-30:02
“On the Democratic side in the state of Florida, you have a fraud running for the governor of Florida. His name is David Jolly.”
Asserts that David Jolly is a fraud running for governor in Florida.30:15-30:24