Eric M. Thorson Inspector General U.S. Small Business Administration Before the Committee on Small Business and Entrepreneurship United States Senate November 13, 2007
… a result of a lengthy investigation, Special Agents of the SBA Office of Inspector General (OIG) and the U.S. Secret … indictment charged him with making at least 76 fraudulent SBA-guaranteed loans totaling about $76 million. We believe … as $131 million in purchases of SBAExpress and Community Express loans had not been properly reviewed by SBA. We also …