We are only starting to learn how the so called pandemic was a scam and a fraud on multiple fronts.
17% of $1.2 Trillion = $200 Billion.
Most of that money is gone forever, never to be recovered.
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In June, the inspector general for the Small Business Administration, which oversaw Paycheck Protection Program loans and Economic Injury Disaster loans, estimated that at least 17% of the $1.2 trillion handed out by those programs was obtained through fraud.
The Justice Department says more than 3,000 people nationwide have been charged with COVID-19 benefits fraud.
Government watchdogs say a key reason the cheating was possible was that applicants weren’t required to give detailed documentation of their work histories and business records.
People from all walks of life got in on the illegal money grab — including cops and teachers in Chicago.
There’s also growing evidence that street criminals scammed PPP loans and other pandemic relief aid at staggering levels.
“It’s safe to make that leap between PPP funds going into gangs and funding their narcotics trafficking activity — and, to some extent, also gun purchases,” says Jeffrey Strauss, a Chicago supervisory special agent with U.S. Homeland Security Investigations.