10% Of $4.2 Trillion US COVID Relief Was Lost To Fraud, Waste

June 14th, 2023

I’d say the chance that it’s only 10% is somewhere around 0%, but since the entire situation was a fraud…

Yeah.

Via: ZeroHedge:

As much as 10 percent of the $4.2 trillion the U.S. government has disbursed in COVID-19 relief aid may have been lost to fraud and waste.

A new analysis of COVID relief spending by The Associated Press estimates that fraudsters collected more than $283 billion, while another $120 billion was wasted or misspent. The news outlet expects estimates of pandemic waste and fraud to grow as investigators continue to review additional potential fraud schemes.

2 Responses to “10% Of $4.2 Trillion US COVID Relief Was Lost To Fraud, Waste”

  1. dhaab says:

    My parents belong to a country club in Illinois that received $1 million from the Feds for Covid “relief”. They ended up using the $ to redesign their golf course. I would say that is the epitome of “waste” or “misspent”.

  2. Kevin says:

    haha That sounds about right.

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