- Federal inspectors general determined that the government lost at least $276 billion in taxpayer money that was designated as “COVID-19 relief funding.”
- The funds were lost due to “fraud” and “waste,” according to cumulative estimates from the inspectors general of the Labor Department, Treasury Department, and Small Business Administration.
- Larry Turner, inspector general for the Labor Department, estimated that $76 billion slated for “unemployment insurance” was deployed via fraudulent claims. He described the $76 billion fraud assessment as “on the low end” because it did not include an analysis of money deployed via the Pandemic Unemployment Assistance program established in 2020.
Trending
You’ll Be Sick When You See How Much Money The Government Lost On ‘COVID Relief’
Travelers walk past a sign offering free Covid-19 vaccinations and booster shots at a pop-up clinic in the international arrivals area of Los Angeles International Airport in Los Angeles, California on December 22, 2021. - The clinic at the airport offers free vaccinations and boosters for holiday travelers on December 22 and on December 29. Los Angeles County sees what could be the beginning of a winter surge with more than 3,200 Covid-19 cases reported every day since last December 17. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)
