At $200B, COVID Aid was the Biggest Fraud in History"17 percent of all funds issued under the two programs"June 28, 2023 by Daniel Greenfield COVID bailouts and aid were a genuine fraud machine that ripped off taxpayers on an almost incomprehensible scale. The latest partial numbers are up to $200 billion and those are just estimates that will just keep climbing.
A Small Business Administration inspector general released the numbers Tuesday, finding that “fraudulent actors” stole more than $136 billion from the Economic Injury Disaster Loan Program and $64 billion from the Paycheck Protection Program, two government initiatives that worked to keep small businesses afloat during the pandemic. Those figures mark a whopping 17 percent of all funds issued under the two programs, with a third of all Economic Injury Disaster Loan Program funds being stolen, according to the report.
17%. Incredible. But then the whole system was based on handing out money while asking as few questions as possible. And we know much of that money was stolen and transferred abroad.
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https://www.frontpagemag.com/at-200b-covid-aid-was-the-biggest-fraud-in-history/
