Over 3 billion dollars of COVID small business aid went to ineligible fraudsters. Do Not Pay, a United States Treasury system created in 2011 to reduce fraudulent federal aid payments, flagged almost 200,000 applicants for loans and grants that were distributed anyway.
These payments are believed to have been distributed to people who are barred from federal aid due to fraudulent activity in the past, and people reported dead.
Not only this, but even more money has been lost through fraudulent unemployment payouts. In June, it was revealed that up to 400 billion dollars worth of unemployment aid was likely paid to fraudulent applications and foreign scams.
The United State Department of Justice is actively searching for and prosecuting these fraudsters, including a California based rapper, known as “Nuke Bizzle”, that produced content bragging about his fraudulent scheme.
Read more at The Daily Wire.