Officials still cannot say exactly how many billions of dollars in Paycheck Protection Program loans fraudsters made off with in the past couple of years, but they know it is a lot.
Reports and estimates vary, but multiple inspectors general have said the total value of the fraudulently obtained loans through the Paycheck Protection Program is likely to total in the billions. A total of $800 billion was earmarked for relief by the Small Business Administration during the early days of the COVID-19 pandemic. Continue reading “COVID-19 relief fraud led to billions in taxpayer-funded Paycheck Protection Program loans lost”
