Tag

Covid 19 Relief Aid

All articles tagged with #covid 19 relief aid

crime2 years ago

"Businessman's $8 Million COVID Relief Theft Funds Private Island and Texas Oil Fields"

Businessman Patrick Parker Walsh has been sentenced to five and a half years in federal prison for stealing nearly $8 million in federal COVID-19 relief funds, which he used to purchase a private island in Florida and oil fields in Texas. Walsh is one of thousands of thieves who collectively plundered over $280 billion in federal COVID-19 aid, with an additional $123 billion wasted or misspent. The stolen funds were used for luxury purchases such as houses, expensive cars, jewelry, strip club visits, and vacations. The government's goal of quickly distributing aid without stringent safeguards allowed these fraudsters to easily lie on applications and receive the money.

politics2 years ago

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.