COVID-19-related spending resulted in what the Associated Press is calling the “greatest grift in U.S. history.”
According to a new report, fraudsters may have stolen more than $280 billion in COVID relief funding, while another $123 billion was either wasted through mismanagement or misappropriation. And the combined total, which now stands at 10 percent of the $4.2 trillion the government spent on COVID relief, is bound to grow as more schemes are uncovered.
How did it all happen? According to investigators and analysts, because the government was looking to disburse so much so quickly, proper oversight was not conducted and there were too few restrictions on applications.
[Source.](https://townhall.com/tipsheet/leahbarkoukis/2023/06/13/greatest-grift-in-us-history-new-report-identifies-just-how-bad-covid-fraud-was-n2624424)
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COVID-19-related spending resulted in what the Associated Press is calling the “greatest grift in U.S. history.”
>
According to a new report, fraudsters may have stolen more than $280 billion in COVID relief funding, while another $123 billion was either wasted through mismanagement or misappropriation. And the combined total, which now stands at 10 percent of the $4.2 trillion the government spent on COVID relief, is bound to grow as more schemes are uncovered.
>
How did it all happen? According to investigators and analysts, because the government was looking to disburse so much so quickly, proper oversight was not conducted and there were too few restrictions on applications.
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