Recent Investigative & Audit Actions
This section contains Monthly Updates on activities of the Office of Inspector General.
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Recovery Oversight OIG Issues Report on Key Unresolved Audit Recommendations Impacting the Recovery Act. To reduce risks associated with the extraordinary level of funding under the American Recovery and Reinvestment Act of 2009...
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Business Loan Programs Five Count Indictment Returned in Texas. On February 18, 2009, in the Northern District of Texas, a five-count indictment was returned against a loan broker, a Texas corporation created by the loan broker...
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Business Loan Programs OIG Issues Report on Audit of the Liquidation Process at the National Guaranty Purchase Center (NGPC). On January 30, 2009, the OIG issued an audit report on liquidation processing for defaulted 7(a) loans...
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Business Loan Programs Results of Ongoing Investigation. The following case is part of an ongoing investigation relating to a scheme in which a non-bank lender’s former executive vice president and others not employed by...
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Agency Management Audit of SBA’s FY 2008 Financial Statements. On November 14, 2008, pursuant to the Chief Financial Officers Act of 1990, the Independent Auditors’ Report and accompanying reports on internal control...
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Agency Management OIG Issues Report on SBA’s Implementation of PIV Card Issuance System. On October 6, 2008, the OIG issued an audit report on SBA’s implementation of a system for issuing Personal Identity...
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Business Loan Programs OIG Issues Report on Audit of Six Guaranteed Loans. On September 8, 2008, as part of an ongoing review of loan liquidation activities at the National Guaranty Purchase Center (NGPC) in Herndon, Virginia,...
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Business Loan Programs Ongoing Investigation Results in Indictments. The following cases are part of an ongoing investigation, being conducted jointly with the U.S. Secret Service (USSS), relating to a scheme in which a lender...
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Disaster Loan Program OIG Issues Report on Disaster Loan File Transfer and Servicing Delays. On July 18, 2008, the OIG issued a report that summarized significant risks identified during an ongoing audit of Early-Defaulted Gulf...
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Business Loan Programs Ongoing Investigation. The following cases are part of an ongoing investigation, being conducted jointly with the U.S. Secret Service, relating to a scheme in which a lender’s former executive vice...