Newinvestigations by the Small Business Administration (SBA) Office of InspectorGeneral have found SBAAdministrator Maria Contreras-Sweet's announcement that small businessesreceived 23.39% of all federal contracts was greatly exaggerated.As WaPoreports, Federal agencies overstated their success last year in contractingwith small businesses that face socio-economic disadvantages finding $400million worth of contracts that agencies gave to ineligible firms but stillcounted toward their targets. Rather stunningly, the report found of the top 100 recipients of thehighest dollar amount of federal small business contracts, over 75% wereactually current large businesses. Trust...

AsThe Washington Post reports,

Federal agencies overstatedtheir success last year in contracting with small businesses that facesocio-economic disadvantages, accordingto a watchdog report released Wednesday.

The Small Business Administration'sinspector general's office said it identified $400 million worth of contractsthat agencies gave to ineligible firms but still counted toward their targets.

Thefindings are significant because 2013 was the first year that the Obamaadministration claimed to have met the federal government's small-businesscontracting goals. The flawed numbers led to inaccurate reports to Congress andthe American people, according to the report.

Andas MarketWatch adds,

The most recent data from the FederalProcurement Data System indicates of the top 100 recipients of the highestdollar amount of federal small business contracts, over 75% were actuallycurrent large businesses.

...

The first SBA Inspector Generalinvestigation that uncovered fraud in federal small business contracting wasreleased in 1995. In 2003 an investigation by the Government AccountabilityOffice found over 5,000 large businesses were receiving federal small businesscontracts.

TheAmerican Small Business League (ASBL) has launched a national campaign tosecure a Government Accountability Office (GAO) and FBI investigation touncover the specific individuals that were responsible for the two decades offraud that have been uncovered at the SBA.

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