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‘DOGE’ senator seeks to ensure feds can continue pursuing COVID fraudsters, debtors, as IG sounds alarm

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‘DOGE’ senator seeks to ensure feds can continue pursuing COVID fraudsters, debtors, as IG sounds alarm

FIRST ON FOX: A top “DOGE” senator said a government watchdog alerted her to an “alarming” rate of defaults on COVID-era “PPP” loans, and now she wants to hold fraudsters accountable.

In a letter to Sen. Joni Ernst, R-Iowa, Inspector General for Pandemic Recovery (SIGPR) Brian Miller wrote that the loan programs funding reported losses of $1.27 billion as of November 2024, and had snowballed since debtors’ initial payments began coming due in July 2023.

“Without SIGPR to protect the taxpayer, there will be no one on watch which will allow this crisis to continue,” Miller wrote.

“Of equal concern is an alarming rate of defaults by borrowers who are failing to pay even the interest payments on the loans for the Main Street Lending Program (MSLP) and the Direct Loan Program.”

‘DOGE’-MEETS-CONGRESS: GOP LAWMAKER AARON BEAN LAUNCHES CAUCUS TO HELP MUSK ‘TAKE ON CRAZYTOWN’

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A page from the PPP loan application for financial support due to the outbreak of COVID-19 in New York. May 7, 2020.  (REUTERS/Lucas Jackson)

The inspector general added that their office has been “shedding staff” and going through legally mandated processes for an agency in the process of shutting down.

There are at least 130 potential defendants identified to be probed, and without proper resources, they may never be so.

Ernst warned that dishonest loan applicants could get away with $200 billion in fraud from COVID-19 relief if her bill does not pass.

Sen. Joni Ernst, R-Iowa, has drafted legislation that would provide additional resources to hold coronavirus pandemic fraudsters accountable.  (Reuters/Bonnie Cash)

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“Con artists took advantage of small businesses’ pain during COVID to defraud government programs designed to help hardworking Americans,” Ernst said Wednesday. 

“While we are $36 trillion in debt, we especially cannot afford to leave more than $200 billion floating around, especially in the hands of fraudsters. My Republican colleagues and I are making sure that all resources are available in this fight to get taxpayers’ money back and hold these criminals accountable.”

BIDEN-HARRIS ADMINISTRATION FAILED TO RECOUP $200B IN FRAUDULENT COVID LOANS, HOUSE COMMITTEE SAYS

When the Small Business Administration initiated the Restaurant Revitalization Fund and Paycheck Protection Program (PPP) loans, they were on a “first come, first serve” basis.

Critics claimed at the time that many qualifying businesses and entities were therefore turned away, and reports proliferated that gang members and drug traffickers were instead able to access the resources.

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One alleged fraudster used a photo of a Barbie doll as their identifier on an SBA loan application, while another raked in $8 million that could have gone to struggling restaurants – particularly in states with onerous shutdown policies. 

TOP DOGE SENATOR DEMANDS ANSWERS ON PLAN TO EXHAUST CHIPS FUNDING BEFORE TRUMP ARRIVES

In response, Ernst has drafted the Complete COVID Collections Act, Fox News Digital has learned.

The bill would extend authorization of the SIGPR through 2030 and expand its jurisdiction to cover other SBA COVID-related programs. As of Wednesday, the SIGPR is only authorized into September.

The proposal also directs the Treasury to enforce collection of loans under $100,000 as stringently as high-dollar alleged scofflaws and late-debtors.

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It also brings in the Justice Department, requiring the law enforcement agency to provide regular reports to Congress on activities related to pandemic-centric programs including prosecutions, fund recovery and referrals to the DOJ from other entities.

By Wednesday afternoon, Ernst’s bill gained co-sponsorship from four other Republicans: Sens. Marsha Blackburn of Tennessee, Todd Young of Indiana, James Lankford of Oklahoma, and John Curtis of Utah – who was just seated following the departure of Mitt Romney.

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Cleveland, OH

Cleveland Cavaliers Trade out of No. 29 Overall in 2026 NBA Draft

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Cleveland Cavaliers Trade out of No. 29 Overall in 2026 NBA Draft


The Cleveland Cavaliers have traded out of the 2026 NBA Draft.

The Cavs had the No. 29 overall selection on Tuesday night. But Cavs President of Basketball Operations Koby Altman decided to trade that selection to the Sacramento Kings in exchange for No. 34 overall and a future second-round selection.

At No. 29 overall, the Cavs will send the Kings UConn forward Alex Karaban.

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“It’s in the distant future,” a source told cleveland.com’s Chris Fedor about the future second-round selection acquired in this deal.

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Reports from Fedor surfaced early Tuesday morning that the Cavaliers could be interested in bailing out of the first round. By late Tuesday night, Altman was able to execute a trade that sets the Cavs up for further flexibility in the offseason.

Why the Cavs traded out of No. 29 overall

The Cavaliers would’ve owed the No. 29 pick a guaranteed salary just under $2 million.

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Because the Cavs are in the lone second apron – and could be looking to shed salary this offseason – ditching the No. 29 overall pick saves the Cavaliers a couple of bucks.

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Second round picks are non-guaranteed, two-way deals. That gives the Cavs the financial flexibility they’re looking for. 

What the Cavs could do at No. 34 overall

This is a talented draft class. A few high profile players slid into the second round. 

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UNC center Henri Veesaar is still waiting to hear his name called. The 7-foot center could be a backup to Jarrett Allen and Evan Mobley. Duke wing Isaiah Evans is also still waiting to hear his name called, and could fill a big position of need for the Cavaliers. Arkansas guard Maleek Thomas was consistently mocked to Cleveland, and he slid to Day 2 as well.

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There’s always a chance that Altman could trade back again.

Second round draft picks are valuable because they could be used as sweeteners in trades this offseason. For example, in exchange for a team taking on the contract of a player like Dennis Schroder or Max Strus, the Cavaliers might want to attach a second round draft pick to make the package more appealing to a trade partner.

Flexibility should be the name of the game for Altman as he tries to improve Cleveland’s roster this offseason. The Cavs won’t have a first round draft pick until 2028. But bailing out of Tuesday night’s first round will give Altman plenty of options on Wednesday and into the rest of the offseason.

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Illinois

Clippers pick Illinois All-American Keaton Wagler at No. 5 overall

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Clippers pick Illinois All-American Keaton Wagler at No. 5 overall


The LA Clippers selected Illinois guard Keaton Wagler with the No. 5 overall pick in the 2026 NBA draft on Tuesday at the Barclays Center in Brooklyn, New York.

Wagler became the first Illini freshman to be named a consensus All-American after averaging 17.9 points, 5.1 rebounds and 4.2 assists while shooting 39.7% from 3-point range. He set numerous freshman program records, including points (663), field goals (202) and 3s (87).

The 6-foot-6 Wagler is the first player in franchise history to be taken with the fifth pick and the highest player drafted since Blake Griffin went No. 1 in 2009. He is Illinois’ third top-10 pick in the draft era (1966), joining Kendall Gill (1990, No. 5) and Deron Williams (2005, No. 3).

Wagler is highly touted because of his shooting, feel and ability to convert difficult finishes at the rim. He had a monumental rise up draft boards throughout the year after leading Illinois to its first Final Four appearance since 2005.

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The 19-year-old was heavily linked to the Clippers throughout the predraft process after visiting only with them and the Chicago Bulls (No. 4). He eventually canceled his remaining workouts after those meetings, an indication that he felt he wouldn’t fall below the Clippers.

Wagler was the fifth straight freshman to hear his name called on Tuesday, following AJ Dybantsa (Washington), Darryn Peterson (Utah), Cameron Boozer (Memphis) and Caleb Wilson (Chicago).



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Indiana

What Teams Could Be Good NBA Draft Trade Partners For Indiana Pacers?

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What Teams Could Be Good NBA Draft Trade Partners For Indiana Pacers?


INDIANAPOLIS – With the NBA Draft approaching tonight, the Indiana Pacers are on the outside looking in. On Tuesday, the first round will take place as 30 rookies join the NBA.

The Pacers aren’t currently involved. They don’t have a selection among the first 30. In fact, they don’t have one at all. Their top pick is owned by the Los Angeles Clippers and their second rounder is in the hands of the Memphis Grizzlies. Indiana and Portland are the only two franchises without a selection in this week’s proceedings.

Even without a pick in either round, the Pacers did their homework ahead of the draft. Dozens of prospects came into their practice facility to work out in front of front office members, scouts, coaches, and more. That on-court prep matters for Indiana’s decision makers, and the face-to-face meetings with prospects are sometimes more valuable at this stage of the process.

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And just because the Pacers don’t own a 2026 draft pick right now doesn’t mean they won’t make one by the end of Wednesday night. They have plenty of future picks to trade and have frequently made moves early in the second round. Indiana has been active with picks in the 31-38 range during the 2020s.

There are good reasons to do so again, though as contenders acquiring young talent is not a necessity for the Pacers. If they do decide to trade for a 2026 NBA Draft selection, who might be a good trade partner for the blue and gold?

Could the Spurs and Pacers make another deal?

In 2024, the Pacers and San Antonio Spurs agreed to a trade involving second round picks. That deal put Johnny Furphy in Indianapolis. In 2025, Indiana and San Antonio linked up again – this time, the Spurs swapped the 38th pick for a future second-round selection.

These teams have a history of draft-related transactions. And they could be good fits for one another again. While the Spurs have several roster spots to fill this summer and have the wiggle room to bring in a few rookies, they are contenders. They need to add proven veterans in free agency. Yet as of this writing, they own four picks in the 2026 NBA Draft.

Those four are 20th, 35th, 42nd, and 44th overall. Could the Pacers grab one of those picks and send San Antonio a future asset that may be more helpful down the line?

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Memphis Grizzlies

The Grizzlies appear to be entering a rebuild and would thus value draft selections. But Memphis has 14 players under contract – a full roster – before making a single pick in the coming draft.

There are a few players the Grizzlies could easily part with. But their roster crunch makes them a trade candidate this week, especially as they hold picks No. 3, 16, and 32. That early-second round pick seems like a particularly good fit for the Pacers if these teams agree to a trade.

Brooklyn Nets

The Nets find themselves in a similar position to the Grizzlies. Entering the offseason, they could have as many as 13 players under contract after agreeing to acquire Julius Randle from the Minnesota Timberwolves on Monday. They also possess multiple picks in the coming draft.

Brooklyn is slated to select sixth, 28th, and 43rd. Could 28 or 43 be in play for Indiana if the Nets need to keep their roster spots open in anticipation of other moves?

Another Pacers trade with the Cleveland Cavaliers?

The Cavaliers and Pacers made a trade involving draft picks earlier this decade when Caris LeVert went to Cleveland and Ricky Rubio to Indiana. Multiple second-round picks and a first-round selection were exchanged in the deal.

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This week, the Cavaliers could be a trade candidate with their only draft pick. Cleveland holds pick 29 overall, which comes with a starting salary just under $3 million (pending rookie scale usage). But right now, the Cavs are over the salary cap’s second apron.

That means adding more contracts would make it harder for the team to be flexible or add other talent in the offseason. Cleveland makes sense as a team that would move their late first-round pick for multiple future assets, or even move back into the second round. Indiana could be a good trade partner if that is the case.

Oklahoma City Thunder

The Thunder, like the Cavaliers, project to be an expensive team in 2026-27. So much so that they already agreed to a trade that will send forward Aaron Wiggins to the Atlanta Hawks in exchange for second-round draft capital.

While the money is the headliner for the Thunder, they fit the same boxes as every team listed so far. Like the Spurs, they are contenders and perhaps more interested in upgrades than young talent. Like the Cavaliers, they have a pricey roster. And like the Grizzlies and Nets, they have several draft picks and a more filled roster.

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Oklahoma City owns picks 12, 17, and 37 entering the draft. Pick 37, in particular, feels like one that could be moved.

Atlanta Hawks

Atlanta has been mentioned in multiple reports as a team looking for upgrades in the offseason. They were the only team able to beat the champion New York Knicks more than once in the most recent NBA playoffs, so improving their roster is a natural next step.

The Hawks own the eighth overall pick, which would be challenging for the Pacers to obtain. But the Hawks, who have 12 players under contract, also own picks 23 and 57. Is there a world in which Atlanta’s later selections become available in bigger deals? They don’t have the perfect asset for the Pacers to chase like some other teams but seem like a team to watch in general during the two-night draft.

A Los Angeles Clippers and Indiana Pacers draft trade again?

The Clippers and Pacers already made a trade involving a 2026 draft pick. Could they do so again?

Los Angeles has 13 players under contract and owns picks five, 36, and 52. They could easily use all three selections and spend a two-way contract on their 52nd pick. But the Clippers have shaken up their team quite a bit in the last few months and are a team worth watching this week.

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New York Knicks

New York just won a title. Keeping their core together seems like a prudent move. And maybe the Knicks do exactly that – they’ve already reportedly agreed to terms with Mohamed Diawara and have agreed to change a contract detail for Jose Alvarado.

But like a few teams on this list, the Knicks are expensive. They are approaching the second apron, and crossing that team spending threshold has been a topic of discussion surrounding the franchise since their championship parade.

“There’s certain things in the NBA that you’d have to be suicidal to do. One of them is the second apron,” Knicks owner James Dolan said in a recent radio interview.

New York holds the 24th, 31st, and 55th overall picks. Could the Pacers move into the late first or early second round via a trade with New York?

Denver Nuggets

Count the Nuggets, who possess picks 26 and 49, in the expensive teams group. They are approaching the second apron and have many roster spots to fill out to complete their team.

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As Denver looks to contend around Nikola Jokic, would they be willing to move their pick late in the first-round to make their salary cap sheet make better sense? If so, the Pacers could be a good trade partner.

Chicago Bulls

While the Bulls don’t have a filled roster or financial crunch, they have other noteworthy factors to keep an eye on.

One is that the team switched its front office leader, bringing in Bryson Graham as their new Executive Vice President of Basketball Operations. His draft strategy isn’t clear as a team’s top dog.

The Bulls also join the Spurs as the only two teams with four picks in the 2026 NBA Draft. That volume makes a move more likely, though Chicago doesn’t have a strong need to deal a pick.

The Pacers have multiple attractive future second-round picks they could move in trades, and they have some recent draftees in Jarace Walker, Ben Sheppard, and Kam Jones that are still developing but could be moved. In their draft pick and salary cap reality, a trade seems possible, and the above teams would all be natural candidates for a variety of reasons.

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