$39B Fraud Crackdown Announced in Missouri

$39B Fraud Crackdown Announced in Missouri

KANSAS CITY, MO – September 14, 2026 (STL.News) Vice President JD Vance announced a sweeping federal crackdown on pandemic-era fraud Monday in Kansas City, Missouri, including the permanent suspension of nearly 870,000 borrowers from future Small Business Administration loans and programs over an estimated $39 billion in suspected fraud. Vance made the announcement at the FBI’s Kansas City Field Office alongside Attorney General Todd Blanche, FBI Director Kash Patel, SBA Administrator Kelly Loeffler, Missouri Gov. Mike Kehoe, U.S. Sen. Eric Schmitt and other federal and state officials. The announcement combines administrative sanctions against hundreds of thousands of borrowers

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