REPORT: Watchdog Finds Over $5 Billion In Potential Covid Relief Fraud - News Summed Up

REPORT: Watchdog Finds Over $5 Billion In Potential Covid Relief Fraud


The Pandemic Response Accountability Committee (PRAC) found 69,323 questionable Social Security Numbers (SSNs) allegedly used to obtain $5.4 billion in covid relief, according to a report. They used Social Security Administration (SSA) data to identify potentially invalid SSNs used on the covid relief applications and asked SSA for verification information on 221,427 of the SSNs used on applications. Under the CARES Act, the PRAC has legal authority to provide oversight of covid relief spending. The SBA provided $378 billion in EIDL relief and over $800 billion in PPP loans to 11 million small businesses. PPP applications ended on May 31, 2021 and EIDL applications closed on January 1, 2022, according to the report.


Source: Washington Post January 31, 2023 02:09 UTC



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