10/18/23
Thanks to Miranda Albert an alert student who noticed this one.
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Converse couple, three San Antonio residents among seven arrested for defrauding SBA program
Again, scrolling through LinkedIn, I was served this article. This one made me pretty sad to see people abusing good services to help the public.
"The alleged scheme involved the SBA’s HUBZone program, which is intended to support small business growth in historically underutilized business zones by awarding them federal contracts. To qualify for the program, a business must maintain its principal office in a HUBZone and have at least 35 percent of its employees living there."
Aaron Sam's was adding fake people to his payroll and just taking the funds from the governemnt since March 2017. I wonder how long he thought this could go on for. Just another example of a fraudster that thinks they are invincible really. Glad they were found out though, so this service can, hopefully, go back to helping the small businesses that can really use the assistance.
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