Fraud in the SBA's HUB Zone Program


	Fraud in the SBA's HUB Zone Program

Melanie Lindner

3-30-2009 12:43 PM

359 views

tags:

small business, sba, government

Melanie Lindner says:

Yet another case for increasing oversight in government spending.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/5f98f7bc-fea5-4fc6-8b25-cfb8999b07aa/AB56FA60-2F86-4812-8BCE-F02A0A8F8897/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.businessweek.com/smallbiz/running_small_business/archives/2009/03/gao_issues_scat.html" href="http://www.businessweek.com/smallbiz/running_small_business/archives/2009/03/gao_issues_scat.html" style="font-size: 11px;">www.businessweek.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/smallbiz/running_small_business/archives/2009/03/gao_issues_scat.html"><P>For anyone who wants to know where underfunding and under-staffing of the Small Business Administration leads, check out this <A href="http://www.gao.gov/new.items/d09519t.pdf">report</A> from the U.S. Government Accountability Office.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/smallbiz/running_small_business/archives/2009/03/gao_issues_scat.html"><P>The GAO writes of rampant abuse of the SBA’s HUB(Historically Underutilized Business)Zone program, which awarded $8 billion in federal contracts to some 4,200 certified small businesses in 2007. Specifically, the report details misrepresentation by 19 companies that falsely claimed HUB status to qualify for nearly $30 million in prime contracts and $187 million in federal contracts between 2006 and 2007.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/AB56FA60-2F86-4812-8BCE-F02A0A8F8897/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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