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Administration suspends about 870,000 tied to $39B loan fraud

Officials say the Trump administration has suspended roughly 870,000 people connected to nearly $39 billion in government loan fraud.

Published Sep 14, 2026, 2:05 PM EDT | WFMZZ

The Trump administration suspended approximately 870,000 individuals believed to be connected to nearly $39 billion in fraudulent government loan activity, officials announced on Monday. Authorities said the suspensions target people tied to the large-scale loan fraud scheme.