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Paycheck Protection Program
06/30/2023
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By Olivia Cook
New report reveals how $200B in COVID-19 relief aid was STOLEN
A federal watchdog’s investigation strongly suggests that more than $200 billion in taxpayer dollars may have been stolen from two large Wuhan coronavirus (COVID-19) relief initiatives. This is according to the inspector general of the Small Business Administration (SBA) and represents a much greater loss through fraud than the office’s previous projections and underscores the vulnerability […]
06/29/2023
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By Ethan Huff
MONEY PIT: Thieves stole more than $200 BILLION in Covid-19 aid, federal watchdog group now says
The United States Small Business Administration (SBA) has released new data showing that both the Paycheck Protection Program (PPP) and the COVID-19 Economic Injury Disaster Loan program were heavily abused by fraudsters, particularly at the start of the Wuhan coronavirus (Covid-19) “pandemic.” The SBA inspector general released a report revealing that “at least 17 percent […]
02/02/2023
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By Belle Carter
Government watchdog flags potentially fraudulent pandemic loans amounting to $5.4B
A government watchdog has found $5.4 billion worth of potentially fraudulent loans taken out at the height of the Wuhan coronavirus (COVID-19) pandemic. The Pandemic Response Accountability Committee (PRAC) recently issued an alert identifying 69,323 questionable Social Security numbers used to obtain billions from the COVID-19 Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program […]
07/15/2022
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By Ethan Huff
Taxpayers robbed again: Vast majority of $800 billion in PPP money went to those who were already well off
A new study claims that nearly all of the $800 billion in Paycheck Protection Program (PPP) cash that was handed out by the government during the Wuhan coronavirus (Covid-19) plandemic went to people who were not necessarily in need. A whopping 75 percent of the “poorly targeted” disbursements were funneled into the bank accounts of […]
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