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The Great Grift: More than $200 billion in COVID-19 aid may have been stolen, federal watchdog says
Breitbart ^ | 06/27/2023 | AP

Posted on 06/27/2023 1:01:24 PM PDT by ChicagoConservative27

WASHINGTON (AP) — More than $200 billion may have been stolen from two large COVID-19 relief initiatives, according to new estimates from a federal watchdog investigating federally funded programs that helped small businesses survive the worst public health crisis in more than a hundred years.

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.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Government; News/Current Events
KEYWORDS: aid; covid; covid19; covid19relief; covidrelief; fraud; grift; stolen; theft
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To: ChicagoConservative27

It’s far more than that if that’s what they’re saying.


21 posted on 06/27/2023 1:37:26 PM PDT by maddog55 (The only thing systemic in America is the left's hatred of it!)
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To: ChicagoConservative27

ONLY $200 billion??


22 posted on 06/27/2023 1:38:13 PM PDT by PGR88
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To: ChicagoConservative27

And they want to hire 87,000 IRS agents to collect on the debt.

FUJB
FU IRS

Time for CWII


23 posted on 06/27/2023 1:38:26 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: volunbeer

PPP accounted for about $800 billion, IIRC...

Per the GAO about $4.6 trillion has been budgeted in total.


24 posted on 06/27/2023 1:40:12 PM PDT by mewzilla (We will never restore the republic if we don't first secure the ballot box.)
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To: maddog55

Agreed.


25 posted on 06/27/2023 1:46:07 PM PDT by rlmorel ("If you think tough men are dangerous, just wait until you see what weak men are capable of." JBP)
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To: ChicagoConservative27

I wonder why the stock market keeps going up.


26 posted on 06/27/2023 1:46:27 PM PDT by blueunicorn6 ("A crack shot and a good dancer” )
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To: ChicagoConservative27

I am sure all the leftwing “nonprofits” are flush with money.


27 posted on 06/27/2023 1:56:20 PM PDT by piasa (Attitude adjustments offered here free of charge)
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To: ChicagoConservative27

Another screw up of the government with tax payer $$$. Only happens once in a blue moon doesn’t it?.. bwhahahahahaha


28 posted on 06/27/2023 2:07:13 PM PDT by antidemoncrat (AS )
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To: ChicagoConservative27

Of course. Our government has no accountability. Officials don’t care.


29 posted on 06/27/2023 2:15:55 PM PDT by From The Deer Stand (P)
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To: ChicagoConservative27

Even much of what was not “stolen” was still just given away. I have friends with businesses that were given hundreds of thousands of dollars just because they didn’t lay off their employees. Some of these businesses were doing fine, and this was a personal windfall for them. For those who were struggling due to lock downs, it helped.


30 posted on 06/27/2023 2:21:31 PM PDT by ETCM (“There is no security, no safety, in the appeasement of evil.” — Ronald Reagan)
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To: ChicagoConservative27

Darn! There goes that DT again!


31 posted on 06/27/2023 2:36:01 PM PDT by TribalPrincess2U (D.I.S.T.R.A.C.T.I.O.N.S.)
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To: gathersnomoss

Your post in before my post. We do think alike ;)


32 posted on 06/27/2023 2:37:05 PM PDT by TribalPrincess2U (D.I.S.T.R.A.C.T.I.O.N.S.)
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To: ChicagoConservative27

So Democrat causes were given massive financial support?


33 posted on 06/27/2023 2:46:40 PM PDT by DoughtyOne (I pledge allegiance to the flag of the USofA & to the Constitutional REPUBLIC for which it stands.)
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To: ChicagoConservative27

34 posted on 06/27/2023 3:27:41 PM PDT by Hot Tabasco
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To: ChicagoConservative27
"A million here, a million there. Pretty soon, we are talking about real money!" - Senator Everett Dirksen (R-Illinois)
35 posted on 06/27/2023 3:41:51 PM PDT by Gritty (The issue is never the issue. The issue is always the Revolution. - Saul Alinsky)
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To: ChicagoConservative27

Imagine how much went to the democrats.


36 posted on 06/27/2023 4:44:06 PM PDT by aimhigh (1 John 3:23 "And THIS is His commandment . . . . ")
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To: ChicagoConservative27

Pretty much what it was for.


37 posted on 06/27/2023 10:21:25 PM PDT by vpintheak (Live free, or die!)
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