Orrick, Herrington & Sutcliffe·FINANCIAL REGULATION

SBA suspends 870K borrowers in $39B pandemic fraud crackdown

The SBA announced its largest-ever suspension of 870,000 borrowers across 45 states tied to $39 billion in suspected PPP and COVID EIDL fraud, with DOJ unveiling criminal charges and the agency launching "Operation No Doze" enforcement.

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Read the original firm alert → Wednesday, September 23, 2026

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