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- 10% of $4.2 Trillion U.S. Covid Relief Was Lost to Fraud, Waste
10% of $4.2 Trillion U.S. Covid Relief Was Lost to Fraud, Waste
from Zero Hedge
Authored by Ryan Morgan via The Epoch Times (emphasis ours),
As much as 10 percent of the $4.2 trillion the U.S. government has disbursed in COVID-19 relief aid may have been lost to fraud and waste.
A new analysis of COVID relief spending by The Associated Press estimates that fraudsters collected more than $283 billion, while another $120 billion was wasted or misspent. The news outlet expects estimates of pandemic waste and fraud to grow as investigators continue to review additional potential fraud schemes.