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SBA Suspends 870,000 Borrowers Over $39B Suspected PPP Fraud

By Drooid · Sep 15, 2026, 3:58 PM UTC · How we work

Summary

SBA Suspends Borrowers

SBA suspended nearly 870,000 borrowers for $39 billion suspected fraud across 45 states.
Cumulative suspensions now affect borrowers linked to $49 billion fraud nationwide.
Operation Heartland Surge (June 12–Sept 1) involved 44 U.S. attorney offices and 20+ partners targeting 160 defendants.
Prosecutors filed felony charges against nearly 80 defendants for about $100 million intended losses.
Jamie Gray faces wire-fraud and money-laundering charges for an alleged $56 million PPP scheme.

Summary

Vance Tackles Loan Fraud

U.S. Vice President JD Vance visited Kansas City and Olathe to discuss COVID-era loan fraud and support Sen. Roger Marshall.
Vance spoke at a federal law-enforcement site about the loan fraud.
Vance and Marshall toured Webco Manufacturing, highlighting Kansas’s manufacturing renaissance.
Vance pledged new factories and jobs while labeling Democrat Cindy Holscher and Pastor Adam Hamilton “too woke” for Kansas.

Summary

Protester Disrupts Vance

A protester in a shirt interrupted Vance’s speech at Webco Manufacturing and was escorted out.
LiveNOW from Fox streamed the interruption, reaching over 93,000 online viewers.
Vance accused the protester of lying about Senator Roger Marshall, repeating the claim.
He cited a rally where a demonstrator waved a Mexican flag, labeling it “common courtesy.”
MAGA Inc., President Donald Trump’s super-PAC, organized event, prompting supporters to chant “USA!” as protester left.

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SBA Suspends Borrowers

SBA suspended nearly 870,000 borrowers for $39 billion suspected fraud across 45 states.
Cumulative suspensions now affect borrowers linked to $49 billion fraud nationwide.
Operation Heartland Surge (June 12–Sept 1) involved 44 U.S. attorney offices and 20+ partners targeting 160 defendants.
Prosecutors filed felony charges against nearly 80 defendants for about $100 million intended losses.
Jamie Gray faces wire-fraud and money-laundering charges for an alleged $56 million PPP scheme.

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