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The U.S. Small Business Administration's Office of Inspector General (OIG) Semiannual Report to Congress for Fall 2007 outlines the agency's activities and findings from April 1, 2007, to September 30, 2007. It details significant problems, abuses, and deficiencies identified in SBA programs, particularly focusing on disaster loans following hurricanes Katrina and Rita. The report includes recommendations for improving oversight and management practices, highlights instances of fraud related to loan applications, and summarizes legal actions taken against individuals involved in fraudulent activities. Additionally, it provides statistical data on investigations, audits conducted, and the financial impact of OIG recommendations.

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