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‘Significant’ Welfare Fraud Uncovered During COVID-19 Aid Investigation


A federal committee tasked with tracking COVID-19 assistance fraud found tens of

thousands of dishonest or erroneous Paycheck Protection Program applications. The Pandemic Response Accountability Committee report revealed more than 40,000 instances when applicants for more than $860 million in taxpayer-funded PPP loans “significantly misrepresented their incomes.” The SBA, which distributed the PPP loans, allocated more than $1 trillion in taxpayer-funded pandemic assistance to more than 10 million small businesses.

 
 
 

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