COVID-19 Relief Aid: Billions Stolen or Wasted in Great Grift.

Fraudsters potentially stole more than $280 billion in COVID-19 relief funding, while another $123 billion was wasted or misspent, representing 10% of the $4.2 trillion the US government has so far disbursed in COVID relief aid. Investigators and outside experts say the government conducted too little oversight during the pandemic’s early stages and instituted too few restrictions on applicants. Most of the looted money was swiped from three large pandemic-relief initiatives launched during the Trump administration and inherited by President Joe Biden.