A major fraud investigation has uncovered $8.6 billion in suspected pandemic-era loan abuse tied to California small business relief programs. More than 111,000 borrowers have been suspended as authorities review PPP and EIDL funds issued during COVID. Reports describe multiple businesses registered to single addresses collecting large sums, raising concerns about oversight failures. Officials say this could be one of the largest pandemic fraud crackdowns yet, with investigations continuing.
$8.6 Billion Fraud Exposed in California ONE DAY After AG Denied It
