Covid Fraud: A Staggering $600 Billion

 COVID fraud is at this point a redundant phrase

• Congress appropriated more than $5 trillion for COVID relief but almost $600 billion may have been lost to fraud - an astounding 12%
• Prosecutors are having a turkey shoot nailing COVID crooks
• More than 1,500 have been indicted and almost 500 have been convicted
• The sheer amount of fraud makes it unlikely that the vast majority of thieves will be charged

The biggest COVID fraud will never show up in triumphal press releases issued by federal prosecutors

• Beginning in June 2020, the feds distributed $813 billion in Paycheck Protection Program loans to businesses
• President Donald Trump's Treasury Secretary Steven Mnuchin boasted that PPP is "supporting an estimated 50 million jobs."
• Many of those jobs existed solely in the imagination of political appointees
• The Small Business Administration (SBA), which administered the program, effectively told people, "Apply and sign and tell us that you're really entitled to the money."

https://brownstone.org/articles/covid-fraud-a-staggering-600-billion/