Exposing a Billion Dollar Fraud Scandal (Using Palantir)

The gist

1. COVID-era fraud reached at least $430 million in Minnesota and $9 billion in California, with around $200 billion in fraudulent loans nearly forgiven.
2. The 8(a) contracting program went 45 years without an audit; the first one removed 1,000 ineligible participants, including multi-millionaires on no-bid contracts.
3. Palantir connects separate datasets to spot fraud networks across multiple programs and automates eligibility checks to remove political influence from approvals.
4. The SBA is doubling the loan limit for manufacturers from $5 million to $10 million to help cover expensive equipment in defense, transport, and pharmaceuticals.