Eric M. Thorson Inspector General U.S. Small Business Administration Before the Committee on Small Business and Entrepreneurship United States Senate November 13, 2007
… Among those taken into custody were former Business Loan Center, LLC (BLX) Executive Vice President, Patrick … million. We believe this is the largest government-backed loan fraud scheme in SBA history. Mr. Harrington has actually … value of loans disbursed. SBA has delegated a considerable amount of loan making authority to lenders without making …