PETALUMA, Calif., May 14, 2015/PRNewswire-USNewswire/ -- A new investigative report released by Public Citizen titled,"Slighted" has uncovered undeniable evidence the ObamaAdministration has cheated American small businesses out of hundreds ofbillions in federal small business contracts.

The subtitle for the report is, "Accounting Tricks Create False Impression That Small BusinessesAre Getting Their Share of Federal Procurement Money, and the Political FactorsThat Might Be at Play."

The investigative report by Public Citizen was prompted by research fromthe American Small Business League (ASBL) that indicated small businesseshave been defrauded out of billions of dollars in federal small businesscontracts since President Obama took office. ASBL's President Lloyd Chapman was interviewed for the report.

"I'm glad an organization like Public Citizen finallypublished a report that confirmed the rampant fraud in federal small businesscontracting programs that I first exposed in 2002. I think a more appropriate titlefor the piece would have been 'Defrauded out of Billions' as opposed to'Slighted,'" stated Chapman.

The Public Citizen report is just the latest in a long series of federal investigations and articles inthe press that have exposed fraud and abuse in federal small businesscontracting programs.

ABC, CBS, NBC, CNN, MSNBC, CNBC, Fox News and RTTV haveall reported on the fraud and abuse.

Previous investigationshave found billions of dollars in federal small business contracts have beenawarded to Rolls Royce, British Aerospace, Wal-Mart, Oracle, AT&T, Disney,Raytheon, Titan Industries, Microsoft, John Deere, SAIC, Johnson & Johnson,Bechtel, General Dynamics, General Electric, L-3 Communications, Pepsi, Sears,Verizon, Bank of America, Coke, Home Depot, Federal Express, Lowes, WellsFargo, Costco, Finmechannica in Italy,Thales in France,and Russian government owned international arms dealer Roseborn Exports.

Every year of the Obama Administration, SBA Inspector General Peg Gustafson has named the diversion offederal small business contracts to large businesses as the numberone problem at the SBA.

The Government Accountability Office essentially accused theObama Administration of encouraging fraud in Report 10-108 that stated, "By failing to hold firmsaccountable, SBA and contracting agencies have sent a message to thecontracting community that there is no punishment or consequences forcommitting fraud…"

In March, the House Small Business Committee unanimously adopted an amendment to request a new Government Accountability Office investigation intofraud in federal small business contracting programs based on research done byChapman's ASBL.

In 2008, President Obama released the statement, "I am proud to have the support of the American Small BusinessLeague and their grassroots efforts to help protect American small business."

Chapman has predicted President Obama will try to close the SBA to obscure therampant fraud.

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