NBC News: Congressional investigation finds over $1 billion in coronavirus aid fraud
Over $1 billion in emergency coronavirus aid relief went to companies that “double-dipped” and received multiple Paycheck Protection Program loans in violation of the program’s rules, according to a preliminary analysis released Tuesday by the House Select Subcommittee on the Coronavirus Crisis.
“President Donald Trump’s administration failed to design and implement a program that would help actual small businesses and their workers,” said Kyle Herrig, president of Accountable.US, a government waste watchdog.
“Instead, it cut corners and kept the American people in the dark. In the end, the wealthy and well-connected were showered with our tax dollars and fraudsters took advantage of the program’s troubling lack of transparency.”