against the company to pay cleanup costs. After the EPA violations, HPI Products Inc. was debarred — meaning it cannot seek federal contracts or financial assistance from the federal government — on Jan. 1, 2010.
U.S. Rep. James E. Clyburn, D-S.C., chair of the House Select Subcommittee, said in a statement to NBC News, “The troubling findings by the SBA Office of the Inspector General are unfortunately consistent with the Select Subcommittee’s report in September that SBA approved hundreds of PPP loans to ineligible borrowers who had been debarred or suspended from federal contracting.”
But the SBA said it is examining loan forgiveness applications and would reject requests from any debarred company it finds. “Debarment is one of those items that makes a borrower ineligible” for forgiveness, and they would need to repay the loan, an SBA spokesman said., SBA officials say they are trying harder to root out fraud. This time, the SBA is running a computerized check of each company seeking a loan.
The corruption and graft by the Trump Crime Family was over $500 Billion. Grifters.
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