The Great Grift: Five things to know about how COVID-19 relief aid was stolen or wasted
By AARON KESSLER, RICHARD LARDNER and JENNIFER MCDERMOTT
Associated Press
WASHINGTON (AP) — An Associated Press analysis found that fraudsters potentially stole more than $280 billion in COVID-19 relief funding; another $123 billion was wasted or misspent. Combined, the loss represents 10% of the $4.2 trillion the U.S. government has disbursed in COVID-relief aid. Fraudsters used Social Security numbers of dead people to get unemployment checks. Cheaters collected benefits in multiple states. And federal loan applicants weren’t cross-checked against a Treasury Department database that would have raised red flags about sketchy borrowers. All of it led to the greatest grift in U.S. history.