• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

EXCLUSIVE: Trump admin takes action after massive fraud uncovered at agency Dems tried to protect from DOGE

by June 26, 2025
written by June 26, 2025

Following the uncovering of a massive bribery scandal at USAID, the Small Business Administration (SBA) is ordering a full audit of all government contracting officers who have exercised grant-awarding authority under the agency’s business development program over the last 15 years.

In a letter obtained by Fox News Digital, SBA Administrator Kelly Loeffler said the scale of the USAID fraud is a ‘damning reflection of systemic failures in oversight and accountability.’ She further said that the fraud ‘was not an isolated incident.’

In response, Loeffler instructed Associate Administrator Tre Pennie, who oversees government contracts awarded by SBA, to ‘act decisively’ to crack down on any potential similar abuses in the agency.

Loeffler instructed Pennie to immediately initiate a full-scale audit of the agency’s awarding officers back to 2010.

‘The role of federal government contracting officers is not ceremonial or self-dealing; rather, it is a position of immense authority and fiduciary responsibility,’ said Loeffler. ‘The contracting process must be transparent and built on merit, not personal gain.’

This comes after USAID, an agency tasked with administering civilian foreign aid, was essentially dismantled by the DOGE waste, fraud and abuse cuts made under Elon Musk and President Donald Trump. The move was met with massive protests from Democrats who claimed that cutting USAID would impoverish and harm recipients across the globe.

Despite claims of how much good the agency was doing, it was recently discovered that an influential contracting officer at USAID named Roderick Watson was able to carry out a massive, long-term bribery scheme dating all the way back to 2013.

Watson, 57, pleaded guilty to ‘bribery of a public official,’ according to a DOJ press release.

According to the DOJ, Watson sold his influence starting in 2013, with contractors Walter Barnes, owner of Vistant, and Darryl Britt, owner of Apprio, funneling payoffs through subcontractor Paul Young to hide their tracks. 

A DOJ press release said that Britt and Barnes ‘regularly funneled bribes to Watson, including cash, laptops, thousands of dollars in tickets to a suite at an NBA game, a country club wedding, downpayments on two residential mortgages, cellular phones, and jobs for relatives. The bribes were also often concealed through electronic bank transfers falsely listing Watson on payroll, incorporated shell companies, and false invoices.’

The statement said that Watson is alleged to have received bribes ‘valued at more than approximately $1 million as part of the scheme.’

Vistant was awarded in November 2023, as part of a joint venture, a contract worth up to $800 million with one of the focuses of that contract being to address ‘a variety of issues affecting the root causes of irregular migration from Central America to the United States,’ an issue that President Joe Biden tasked then-Vice President Kamala Harris with during his presidency.

Several days later, that contract was canceled after USAID published a notice that said Vistant was excluded from government contracting due to ‘evidence of conduct of a lack of business honesty or integrity.’

The joint venture then successfully sued the government over being put on that exclusion list and was re-awarded the contract and given a $10,000 payment in August 2024. 

In her letter, Loeffler said the USAID scandal ‘represents a collapse in the very safeguards that are supposed to protect American taxpayer dollars and ensure fair access for legitimate small businesses.’

She slammed the Biden administration for awarding the $800 million contract to Vistant despite the business being labeled by USAID as lacking ‘honesty and integrity.’

‘The fact that a federal official was able to act as the linchpin of a persistent, large-scale fraud operation speaks to a failure in internal controls and a breakdown in the contracting environment that demands immediate correction,’ said Loeffler.

She said that SBA plays a ‘critical role’ in federal contracting and ‘will no longer stand by while abuses are perpetrated at the expense of taxpayers and deserving small businesses.’

Loeffler said the agency’s audit will begin with high-dollar and limited competition contracts within SBA’s 8(a) business development program. The findings will be referred to the U.S. Office of Inspector General (OIG) and the DOJ.

Any officials or businesses found in violation of the SBA’s ethical standards or who have committed criminal misconduct will be referred to the appropriate authorities and SBA will assist the DOJ in recovering misappropriated funds, Loeffler said.

‘We will not allow public trust to be quietly eroded by backdoor deals and unchecked discretion,’ said Loeffler.

‘We owe it to America’s small businesses to get this right,’ she went on. ‘Your office has the authority, and now the mandate, to act decisively.’ 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Divided Fed proposes rule to ease capital requirements for big Wall Street banks
next post
Trump wins over lifelong Democrat autoworker with ‘big, beautiful bill’ vehicle loan tax benefit

related articles

Bipartisan fury at CDC: Senators demand probe, reject...

August 28, 2025

CDC official includes ‘pregnant people’ terminology and pronouns...

August 28, 2025

Trump pick for UN aviation office has long...

August 28, 2025

US agencies distance themselves from Chinese-founded PDF software

August 28, 2025

What did Obama know about the Trump–Russia probe?...

August 28, 2025

UK, France, Germany trigger UN sanctions on Iran...

August 28, 2025

Is Trump considering bold Africa play to push...

August 28, 2025

CDC Director Susan Monarez refuses to be fired...

August 28, 2025

Bill Gates met with Trump to talk ‘importance...

August 28, 2025

Trump asks SCOTUS to uphold freeze on billions...

August 27, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Iran faces August deadline to accept comprehensive nuclear deal or face renewed UN sanctions

    July 17, 2025
  • Trump teases meeting with Zelenskyy amid US’ ‘serious discussions’ with Putin to end Russia-Ukraine war

    February 24, 2025
  • AITX Stock Overview: Current Price & Future Potential

    August 15, 2024
  • Biden administration delays enforcing order blocking Nippon Steel-U.S. Steel deal

    January 13, 2025
  • Ethereum goes sideways on Wednesday above $2600

    September 25, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,842)
  • Investing (634)
  • Stock (909)

Latest Posts

  • Pentagon announces new counter-drone strategy as unmanned attacks on US interests skyrocket

    December 9, 2024
  • Trump campaign says pro-lifers give ‘tacit endorsement’ of Harris’ ‘radical’ abortion position by not voting

    September 1, 2024
  • How AI and underground markets fuel a $70 billion cybercrime industry

    March 6, 2025

Recent Posts

  • King Charles III visits Canada as show of support for country coveted by Trump

    May 27, 2025
  • Apple sues former Vision Pro employee for allegedly stealing ‘thousands of documents’ before joining Snap

    July 2, 2025
  • Stefanik meets with senators as Trump’s UN ambassador nominee, touts ‘America First peace through strength’

    November 22, 2024

Editor’s Pick

  • Lila Rose: Kamala Harris, Democrats’ abortion extremism would be a human rights disaster

    August 24, 2024
  • Iran beware: US moves these 6 top of the line strike options into position in the Middle East

    August 12, 2024
  • GOP senators rally around effort to end ‘radical wokeness’ in HHS task force

    July 31, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock