Latest / The 47 Morning Update with Ben Ferguson
SBA Granted Loans to Children plus It's Time to Self Deport
Fraudulent Loans to Children:
The Department of Government Oversight (DOGE) discovered that the Small Business Administration (SBA) granted approximately 5,600 loans worth $312 million to borrowers listed as eleven years old or younger1.
These loans were issued over a two-year period (2020-2021) and involved incorrect Social Security numbers1.
Loans to Centenarians:
The SBA also issued over 3,000 loans totaling $333 million to borrowers aged 115 or older1.
One notable case involved a 157-year-old individual receiving $36,000 in loans1.
Fraud Investigation and Accountability:
DOGE is working…
The skinny
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