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An Associated Press analysis found that fraudsters potentially stole more than $280 billion in COVID-19 relief funding; another $123 billion was wasted or misspent. Combined, the loss represents 10% of the $4.2 trillion the U.S. government has disbursed in COVID relief aid.
Thieves plundered billions of dollars in federal COVID-19 relief aid intended to combat the worst pandemic in a century.
WASHINGTON — Much of the theft was brazen, even simple. Fraudsters used the Social Security numbers of dead people and federal prisoners to get unemployment checks. Cheaters collected those benefits in multiple states. And federal loan applicants weren’t cross-checked against a Treasury Department database that would have raised red flags
An Associated Press analysis found that fraudsters potentially stole more than $280 billion in COVID-19 relief funding; another $123 billion was wasted or misspent. Combined, the loss represents 10% of the $4.2 trillion the U.S. government has disbursed in COVID relief aid. Fraudsters used Social Security numbers of dead to get unemployment checks. Cheaters collected benefits in multiple states. And federal loan applicants weren't cross-checked against a Treasury Department database that would have raised red flags about sketchy borrowers. All of it led to the greatest grift in U.S. histo...
An AP analysis found that fraudsters potentially stole more than $280 billion in COVID-19 relief funding; another $123 billion was wasted or misspent. The loss represents 10 percent of the $4.2 trillion the U.S. government has disbursed in pandemic aid.