Vance task force reveals Biden admin ‘protected’ 562K pandemic loans in $22.2B suspected fraud scheme | 24 April 2026 | The U.S. Small Business Administration referred 562,000 suspected fraudulent loans totaling over $22.2 billion to the U.S. Department of Treasury for collections. “From Day One, the Trump SBA has worked tirelessly to crack down on billions in pandemic-era fraud that the Biden Administration forgave or ignored,” SBA Administrator Kelly Loeffler told Fox News Digital in a statement. “After extensive review, and with the strong support of the White House Anti-Fraud Task Force, we are taking our most decisive action yet to end a Biden-era scheme that protected over 560,000 borrowers tied to more than $22 billion in suspected pandemic-era fraud,” Loeffler added.