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The State 48 News

Social Equity Heist

Arizona’s $250 Million Social Equity Heist: Broken Promises, Political Maneuvers, and Fraud Shielded

The first in a series of disclosures, interviews, and victims’ stories — the Arizonans who believed the “DEI SCAM”, only to be left with nothing but betrayal. (VIDEO)

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The State 48 News
Aug 29, 2025
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Sen. Sonny Borrelli (Arizona Legislative Hearing Feb. 13, 2024):

“What we have here is an injustice that needs to be fixed. Twenty-four of 26 of these social equity licenses are now fully controlled by companies or people who do not belong in these special groups.” (Legislative Hearing)

Critics now say the social equity program did the “exact opposite of …

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