BREAKING: “Today, in coordination with the White House Task Force to Eliminate Fraud, the U.S. Small Business Administration (SBA) announced that it has referred  562,000 suspected fraudulent loans to the U.S. Department of Treasury (Treasury) for collection, marking the SBA’s largest referral package on record. The borrowers are tied to $22.2 billion in delinquent Paycheck Protection Program (PPP) and COVID Economic Injury Disaster (EIDL) loans that were previously flagged for suspected fraud during the Biden Administration but never sent to Treasury for collection nor referred to the U.S. Department of Justice (DOJ) for investigation.”