Over $200 billion from US government's Covid-19 relief programmes were likely stolen, a federal watchdog says, adding a government agency had weakened its controls in rush to disburse funds
The United States is probing many fraud cases pegged to US government Covid aid programmes. / Photo: AP
"We identified multiple schemes used by fraudsters to steal from the American taxpayer and exploit programmes meant to help those in need," SBA report said.The SBA disputed the more than $200 billion figure put forward by the watchdog and said the inspector general's approach had significantly overestimated fraud.
The OIG's oversight and investigative work resulted in more than 1,000 indictments, and 529 convictions related to Covid fraud, according to the SBA.
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