1 year ago

House Oversight panel to probe 'hundreds of billions, if not trillions,' in pandemic relief fraud
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The Facts Inside Our Reporter’s Notebook Incoming House Oversight Committee Chairman James Comer (R-Ky.) says he's planning a full investigation into the "hundreds of billions, if not trillions," of dollars in pandemic stimulus fraud.
The U.S. Labor Department's inspector general has estimated that nearly $46 billion in federal pandemic unemployment assistance was stolen via fraudulent claims. A separate study from August 2021 estimated that about $76 billion or 15% of the forgivable loans issued during the COVID-19 pandemic under the Paycheck Protection Program were fraudulently obtained.
As of June, about $10 billion in fraudulently obtained funds had been returned to...
Source: https://justthenews.com/government/congress/comer-plans-investigation-hundreds-billions-if-not-trillions-pandemic-stimulus?utm_source=justthenews.com&utm_medium=feed&utm_campaign=external-news-aggregators

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