Grift Galore: Billions in COVID-19 relief funds deceitfully obtained
- Criminals and ordinary citizens stole billions of dollars in COVID-19 relief aid that was meant to help combat the pandemic and support the economy.
- Fraudsters potentially took $280 billion in COVID-19 relief funding, and another $123 billion was wasted or misused, making up 10% of the $4.2 trillion the U.S. government has given out in COVID-relief aid.
- The U.S. government did too little to oversee and regulate the aid process early on, making fraud easy to carry out.
- The Small Business Administration was impacted the most, handling two massive relief efforts totaling over $1 trillion that had to quickly get money to struggling businesses and workers.
- The U.S. government could have cracked down on fraud by using the "Do Not Pay" database and establishing commonsense fraud protections.