Kelly Loeffler Just Walked Into Ohio and Told 27,000 Covid Fraudsters Biden Can’t Save Them Anymore

Biden spent four years making sure nobody came for the people who stole your pandemic money.

Trump sent Kelly Loeffler to fix that.

What she just did in Ohio is the reason fraudsters in 46 other states should be paying very close attention.

Ohio Was Just the Latest Stop on a National Reckoning

Loeffler didn't send a memo.

She flew to Ohio in person, stood at a podium with DOJ officials, FBI Director Kash Patel, and Acting Attorney General Todd Blanche, and announced the suspension of 27,486 Ohio borrowers connected to $1.1 billion in suspected fraudulent PPP and COVID-EIDL loans.

Four Ohio fraudsters were indicted the same day – charged with submitting fake PPP applications for businesses that claimed over $100,000 in gross income they never earned.

They got the loans.

They got the loans forgiven.

Then they spent the money on personal expenses.

The DOJ's Assistant Attorney General Colin McDonald put it simply: "The war against fraud has come to Ohio, and we plan to leave no doubt as to who will win."

That's not a press release. That's a warning.

Biden Protected the Fraudsters. Trump Is Prosecuting Them.

Ohio didn't happen in isolation.

Loeffler's SBA has been working through states methodically since January 2025 – building a case file while Biden's people were still walking out the door.

The numbers tell the story: 112,000 borrowers suspended in California tied to $8.6 billion in suspected fraud, 6,900 in Minnesota connected to $400 million, more in Maine – and now 27,486 in Ohio with $1.1 billion frozen.

And the SBA has referred 562,000 borrowers to the DOJ and Treasury, totaling $22 billion in suspected fraud.

That's what a real crackdown looks like.

The Biden administration's record on the same $200 billion?

Loeffler said it out loud at a White House cabinet meeting: Biden's team tried to "hide and forgive and sweep under the rug" fraudulent PPP loans at a scale that staggers the mind.

They didn't pursue the fraudsters.

They forgave the loans.

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The State-by-State Strategy Is the Whole Point

This isn't a series of unconnected announcements.

Loeffler, Vance's Task Force to Eliminate Fraud, the DOJ Fraud Division, the FBI, and the FTC are running a coordinated model – test it in one state, make it replicable, move to the next one.

Assistant AG McDonald said they're "building a replicable model to combat the full range of fraudsters that are preying on Americans across the country."

When the program ran in 2020 and 2021, the SBA approved $1.2 trillion in PPP and COVID-EIDL loans.

The SBA's own Inspector General estimates at least $200 billion of that was fraudulent.

Biden signed a 10-year statute of limitations on PPP fraud in 2022 – meaning every single one of these cases can be prosecuted through 2031 or 2032.

That window isn't closing.

Trump's team is using every year of it.

The fraudsters who thought the pandemic was five years ago and everyone moved on are learning something important.

The federal government has their names, their loan applications, their bank records, and their addresses.

The SBA has already referred 562,000 borrowers to the DOJ.

That's 562,000 open files sitting on prosecutors' desks – each one with a name, a loan application, and a forged document.

California was first. Minnesota. Maine. Ohio just got added to the list.

The task force's own language tells you where this ends: they're building "a replicable model."

There are 46 states left.

Sources:

• U.S. Small Business Administration, "SBA Suspends 27,486 Ohio Borrowers Connected to $1.1 Billion in Suspected Fraudulent Pandemic-Era Loans," SBA.gov, June 4, 2026.
• U.S. Small Business Administration, "Fraud Division Announces Federal–State Partnership in Ohio to Prosecute Fraud," SBA.gov, June 4, 2026.
• U.S. Small Business Administration, "SBA Sends 562,000 Suspected Fraudulent Loans to Treasury for Collections Totaling $22 Billion," SBA.gov, April 24, 2026.
• John Nolte, "DOJ Carries Out Enforcement Actions on Behalf of JD Vance's Anti-Fraud Task Force," Breitbart, June 4, 2026.
• Fox Business, "Vance Task Force Reveals Biden Admin 'Protected' 562K Pandemic Loans in $22.2B Suspected Fraud Scheme," Fox Business, April 24, 2026.
• Jordan Conradson, "SBA Administrator Kelly Loeffler Reveals $200 Billion in Fraudulent PPP Loans Were Hidden by Biden Admin," The Gateway Pundit, May 2026.