Recent Investigative & Audit Actions
This section contains Monthly Updates on activities of the Office of Inspector General.
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Contents Business Loan Programs Review of 7(a) Recovery Act Loans Material Origination and Closing Deficiencies Identified in SBA and Lender-Approved Recovery Act Loans Audit of Premier Certified...
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Contents Business Loan Programs Eleven Individuals Charged in Bank Fraud Scheme Former Business Owner Sentenced Disaster Loans Louisiana Business Owner...
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Contents Business Loan Programs Review of 7(a) Recovery Act Loans Notice of Finding and Recommendation on Ineligible Lender-Approved Recovery Act Loans Louisiana Corporation Enters Guilty Plea...
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Business Loan Programs Review of 7(a) Recovery Act Loans. The OIG is conducting an audit of 7(a) loans disbursed pursuant to the Recovery Act to determine whether the loans were originated and closed in compliance with SBA...
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Business Loan Programs Review of the Recovery Act’s Impact on SBA Lending. On November 25, 2009, the OIG issued a report on an initial review of the Recovery Act’s impact on SBA lending. The objectives of the review...
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Disaster Loan Program Monitoring of Insurance Coverage for Disaster Loan Recipients. On October 20, 2009, the OIG issued a report on an audit of SBA’s monitoring of insurance coverage for disaster loan recipients. The...
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Business Loan Programs OIG Issues Report on the SBA’s Management of a Backlog of Post-Purchase Reviews at the National Guaranty Purchase Center. On August 25, 2009, the OIG issued a report on the results of an audit of SBA...
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Agency Management OIG Issues Report on the Loan Management and Accounting System (LMAS) Modernization Project. On July 30, 2009, the OIG issued a report, Review of Allegations Concerning How the Loan Management and Accounting...
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Business Loan Programs Maryland Cycle Shop Owner Sentenced. On June 5, 2009, the owner of a custom cycle shop in Glen Burnie, Maryland, was sentenced to serve 5 years probation and ordered to pay restitution of $145,000 to the...
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Business Loan Programs Results of Ongoing Investigation. The following case is part of an ongoing investigation, being conducted jointly with the U.S. Secret Service (USSS), relating to a scheme in which a non-bank lender’...