Covid aid fraud, error cost estimated billions : comparemela

WASHINGTON -- In the greatest grift in U.S. history, thieves plundered billions of dollars in federal covid-19 relief aid intended to combat the worst pandemic in a century and to stabilize an economy in free fall. An Associated Press analysis found that fraudsters potentially stole more than $280 billion in covid-19 relief funding; another $123 billion was wasted or misspent. Combined, the loss represents 10% of the $4.2 trillion the U.S. government has so far disbursed in covid relief aid.

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