12 votes

Over $200 billion potentially stolen from COVID-19 relief programs in US

Posted by pridefulofbeing
Tags: usa, coronaviruses.covid19, crime, theft, fraud, small business administration, paycheck protection program, covid 19 economic injury disaster loan, author.richard lardner, author.jennifer mcdermott, source.associated press
https://apnews.com/article/pandemic-covid19-fraud-small-business-inspector-general-7e651b3e405863f0be9f2e34ca47b93e

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Title
The Great Grift: More than $200 billion in COVID-19 aid may have been stolen, federal watchdog says
Published
Jun 27 2023
Word count
1072 words

1 comment

  1. pridefulofbeing
    Link
    Source: News Minimalist

    According to a new report from the U.S. Small Business Administration inspector general, more than $200 billion may have been fraudulently obtained from two major COVID-19 relief programs. The Paycheck Protection and COVID-19 Economic Injury Disaster Loan programs were particularly vulnerable to fraud, especially in the early stages of the pandemic. The inspector general's report suggests that 17% of all funds were possibly given to fraudulent actors. The Biden administration has implemented stricter measures to curb such fraud and has proposed a $1.6 billion plan to enhance law enforcement efforts against pandemic relief fraudsters.

    Source: News Minimalist

    2 votes