More than $200 billion in U.S. COVID-19 aid may have been stolen, federal watchdog estimate

The Great Grift: More than $200 billion in COVID-19 aid may have been stolen, federal watchdog says More than $200 billion may have been stolen from two large COVID-19 relief initiatives. That's according to new estimates from a federal watchdog investigating federally funded programs designed to help small businesses survive the worst public health crisis in more than a hundred years. AP News

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The numbers issued Tuesday by the U.S. Small Business Administration inspector general are much greater than the office’s previous projections and underscore how vulnerable the Paycheck Protection and COVID-19 Economic Injury Disaster Loan programs were to fraudsters, particularly during the early stages of the coronavirus pandemic.

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