Small Business Administration:

Inadequate Oversight of Capital Management Services, Inc.-an SSBIC

T-OSI-95-19: Published: Aug 7, 1995. Publicly Released: Aug 7, 1995.

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GAO discussed its investigation of a specialized small business investment company (SSBIC). GAO noted that: (1) the Small Business Adminstration's (SBA) oversight of the firm was inadequate; (2) the SSBIC director made questionable financing transactions with ineligible recipients or that violated SBA regulations; and (3) the director has been convicted of conspiracy to defraud SBA.

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Apr 27, 2020

  • business icon, source: Photodisc

    Priority Open Recommendations:

    Department of Commerce
    GAO-20-497PR: Published: Apr 20, 2020. Publicly Released: Apr 27, 2020.

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