Minn. State Sen. Holmstrom to Newsmax: SBA Freeze Hits Wrong Targets

Republican Minnesota State Sen. Michael Holmstrom Jr. said legitimate small businesses — not the perpetrators of massive fraud — are now paying the price for what he calls years of obfuscation and indifference by Gov. Tim Walz and his administration.

Appearing on Newsmax’s “Carl Higbie FRONTLINE,” Holmstrom blasted the Democrat governor’s handling of widespread fraud tied to Somali-run organizations, arguing that the lack of accountability has directly led to the Small Business Administration freezing more than $5 million in federal grants — money that honest entrepreneurs relied on.

“That’s all that’s been happening. This fraud has been perpetuated,” Holmstrom said.

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