Federal Watchdog Reports Over $200 Billion in COVID-19 Aid Potentially Stolen in The Great Grift.

A federal watchdog investigating federally funded programs that helped small businesses survive the COVID-19 pandemic estimates that more than $200 billion may have been stolen from two large relief initiatives. The fraud estimate for the COVID-19 Economic Injury Disaster Loan program is more than $136 billion, which represents 33% of the total money spent on that program, according to the report. The Paycheck Protection fraud estimate is $64 billion, the inspector general said. The Biden administration has put in place stricter rules to stem pandemic fraud, including use of the “Do Not Pay” database.