All articles tagged with #covid 19 aid
A Colorado funeral home owner received a 20-year sentence for storing nearly 190 bodies in a dilapidated building, sending fake ashes to families, and defrauding the government of nearly $900,000 in COVID-19 aid, with victims and families deeply affected by the scandal.
A federal watchdog investigating COVID-19 relief initiatives has estimated that over $200 billion may have been stolen from the Paycheck Protection Program (PPP) and COVID-19 Economic Injury Disaster Loan (EIDL) programs. The report highlights the vulnerability of these programs to fraudsters, with at least 17% of funds disbursed to potentially fraudulent actors. The fraud estimate for the EIDL program is over $136 billion, representing 33% of total spending, while the PPP fraud estimate is $64 billion. The Biden administration has implemented stricter rules to combat fraud, but the scale of potential losses is concerning, with consequences including inflated house prices and increased consumer spending in areas with high amounts of fraudulent funds.