r/Journalism Live Chat

I am a trader. Some insane amount of fraud is likely going on right now with the SBA rescue loan program. Sometimes I stumble upon some ridiculous shit. Another trader posted this: https://sbacsr.podbean.com/e/sba-csr-agent-breaks-down-sba-false-hope-1586489786/

Its a recording of a phone call where one of the SBA agents broke down because the caller can't get ANY info about her applications, and agent just gave up and revealed that it appears a huge fraud got set up to siphon off cash at the start of it. Like, fucking terrifying levels of cash got siphoned off from it in the first few days then they outsourced the entire program to a vendor and the agents at the SBA cant even access the private data of applicants or some shit. HOOOOLY FUCK.

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