… exploited to an unacceptable degree by criminals seeking to defraud American taxpayers and secure illegitimate loans and grants. According to a 2023 report from the SBA's Office of Inspector General, SBA distributed over $200 billion in potentially fraudulent funds in its Covid era programs. This level of fraud undermines the integrity of the sba. It is essential that we track these criminal fraudsters down and hold them accountable. (01:02–01:09)
CLAIM
Asserts that $200 billion in potentially fraudulent funds were distributed by the SBA during Covid.
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.
