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SBA Is Cracking Down on Fraud in Business Grants
Following the discovery of a years-long bribery scheme at USAID, the Small Business Administration (SBA) is ordering a full audit in an attempt to crack down on fraud.
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From Fox News:
Following the uncovering of aĀ massive bribery scandalĀ at USAID, the Small Business Administration (SBA) is ordering a full audit of all government contracting officers who have exercised grant-awarding authority under the agencyās business development program over the last 15 years.
In a letter obtained by Fox News Digital, SBA Administrator Kelly Loeffler said the scale of theĀ USAID fraudĀ is a “damning reflection of systemic failures in oversight and accountability.” She further said that the fraud “was not an isolated incident.”
In response, Loeffler instructed Associate Administrator Tre Pennie, who oversees government contracts awarded by SBA, to “act decisively” to crack down on any potential similar abuses in the agency.
This follows the uncovering a years-long bribery scheme, covered in an IFA article from June 19. In the article we posted, an investigation from the Daily Wire revealed that Roderick Wilson, a USAID contracting official, had accepted bribes from Walter Barnes II, founder of government contractor Vistant. Watson reportedly received $1 million over several years.
In what is perhaps the most troubling part of the story, Vistant was awarded an $800 million contract even after USAID had found that the contractor lacked “honesty or integrity.”
Loeffler, meanwhile, is working hard to make sure fraud like this never happens again. At the time, we prayed for fraud to be exposed, and now the Lord is answering those prayers through our SBA Administrator. As Loeffler said, “the contracting process must be transparent and built on merit, not personal gain.”
As the SBA undertakes this audit, let’s pray for truth and justice.
Share your prayers and scriptures in the comments!
(Excerpt from Fox News. Photo Credit:Ā Win McNamee/Getty Images)
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