Trump team targets 870,000 frauds

Vice President JD Vance announced efforts to ban nearly 870,000 alleged scammers from future federal small-business loans, targeting up to $39 billion in COVID-19 relief fraud. The move addresses widespread theft from programs like the Paycheck Protection Program, which lost an estimated $200 billion to fraud, with efforts ongoing to recover over $22 billion and pursue additional criminal cases. These actions are part of a broader initiative to combat federal fraud and recover stolen taxpayer funds overseen by the Trump administration.

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