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American Small Business League
Obama Still Refusing to Address Fraud in Small Business Programs
March 21st, 2009
President Barack Obama issued a memorandum yesterday to address a variety of problems in federal contracting programs. One element conspicuously absent from the Obama memorandum is a plan to stop widely reported fraud and abuse in federal small business programs that have resulted in the diversion of hundreds of billions of dollars in federal small business contracts to Fortune 500 corporations and other clearly large firms. Since 2003, a series of more than 15 federal investigations have found that hundreds of billions of dollars in federal contracts earmarked for small businesses have been diverted to Fortune 500 corporations and other large businesses around the...
Source: Law & Health Weekly (2009-03-21)
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