SBA Allocates $3.7 Billion in Improper Benefit Payments, Auditor’s Detection

A rushed emergency aid program for small companies devastated by the pandemic has sent nearly $3.7 billion to recipients who are prohibited from receiving federal funding, according to a government audit released Tuesday. The finding adds to a body of evidence chronicling what Hannibal Ware, the Small Business Administration’s inspector general, has called “an unprecedented …