U.S. watchdog identifies $5.4 billion in potentially fraudulent COVID-19 loans

Watchdog finds $5.4 billion in potentially fraudulent pandemic loans

A government watchdog is raising questions about potential fraud in how the government gave out tax dollars to help businesses during the height of the pandemic. A new report now says “questionable” social security numbers were used to obtain billions of dollars in business loans.

Watchdog says federal government gave $5.4 billion in Covid aid to small businesses with 'questionable' Social Security numbers

The federal government gave $5.4 billion in Covid-19 aid to small businesses with "questionable" Social Security numbers, according to a report released by a watchdog overseeing pandemic aid.

Government Issued $5.4 Billion in ‘Potentially Fraudulent Pandemic Loans’

A federal watchdog overseeing pandemic-era spending identified $5.4B in “potentially fraudulent pandemic loans."

$5.4 billion in COVID aid may have gone to firms using suspect Social Security numbers

The U.S. government may have awarded roughly $5.4 billion in coronavirus aid to small businesses with potentially ineligible Social Security numbers, offering the latest indication that Washington's haste earlier in the pandemic opened the door for widespread waste, fraud and…

Almost 70K ‘questionable’ Social Security numbers used for $5.4B in pandemic-related loans: watchdog

A pandemic watchdog group identified nearly 70,000 "questionable" Social Security numbers that were used to obtain $5.4 billion in pandemic-related federal loans.

$5.4 billion in COVID aid may have gone to firms using suspect Social Security numbers

The U.S. government may have awarded roughly $5.4 billion in coronavirus aid to small businesses with potentially ineligible Social Security numbers, offering the latest indication that Washington's haste earlier in