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 … allowed BLX to originate and approve loans with virtually no prior SBA review. Our report disclosed that SBA, based on … We recognize that fraud detection is not an exact science. No matter how sophisticated the fraud detection techniques …