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The U.S. Government Accountability Office has a further study in a long series of studies, the widespread fraud and abuse in federal programs that have found managed by the Small Business Administration published by the American Small Business League.In his latest research , GAO has a load of little historical review of the SBA Business Zone (HUBZone) program and found that the SBA does not identify the companies that are trying to enroll in the program with clearly fraudulent information. As part of its investigation, the GAO was able successfully to three bogus companies to participate in the program to register with fake sites like the Alamo in Texas, a public warehouse in Florida, Texas and a city hall, the report said.
The latest report is an example of a complete lack of oversight of the Small Business Programs of the SBA.Since 2003, over 25 federal investigations by the GAO, the Office of Inspector General of the SBA (SBA IG) and Inspectors General of federal agencies like the U.S. Department of the Interior (DOI) have found a lack of oversight of the SBA administers programs for small businesses. Carried out in research by the GAO in such a veteran-owned small business contracting program, said the agency "responsible by other than the Company, the SBA and contracting agencies have a message sent to the community recruitment, there is no penalty or consequences for the commission of fraud or abuse of the intent of the SDVOSB program. "
The American Small Business League (ASBL) has estimated that each year publishes more than 100 million dollars in federal contracts for small businesses to Fortune 500 companies and other large businesses.According to the latest information from the Obama administration, some companies contracts for small businesses have received include Lockheed Martin, Textron, Boeing, Raytheon, Dell Computer, Thales Communications, British Aerospace (BAE), Ssangyong Corporation in South Korea, and the Italian company Finmeccanica SpA. "While small businesses create nearly 100 percent of the net jobs that have received almost none of the stimulus funds and the Obama administration has an eye on the billions of dollars turned into the fraud in Small Business Program," said Lloyd Chapman, President the ASBL.
"If President Obama is serious about wanting to stimulate the economy, you need to stop these abuses, passing HR 2568, the fairness and transparency in contract law." Rangers have taken the first step in the direction of the administration - like its owner is responsible have presented what is referred to as a "role of the party" to ensure the football club "long-term safety, survival and prosperity", the Scottish champions -. This is a notice of intention to appoint an administrator - in the Court of Session, where it is believed Edinburgh.It Ibrox club, who set a world record of 54 league titles won, now has five days to declare formally that have the line manager the association adopted.
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