34.1 C
Delhi
Sunday, April 19, 2026

US Cong admits over $250bln in Covid-19 aid stolen by fraudsters

Date:

Share post:

Washington: More than $250 billion were stolen in the United States as a result of fraudulent schemes in government aid payments during the coronavirus pandemic, according to a report by US congressmen following a two-year investigation.

“Fraudsters cost the American taxpayer more than $191 billion dollars by taking advantage of the federal government’s unemployment system and exploiting individuals’ personally identifiable information,” the report, published by the Select Subcommittee on the Coronavirus Pandemic, says.

In addition, at least $64 billion in US government money was stolen by fraudsters and criminals who took advantage of the so-called “Paycheck Protection Program,” which provided Americans with financial assistance in the form of loans that could be forgiven if the funds were used to compensate for the difficulties caused by the pandemic.

Another $200 million was “lost” due to insufficient control over support for small businesses.

On December 31, 2019, the Chinese authorities informed the WHO about an outbreak of unknown pneumonia in the city of Wuhan in the central part of the country (Hubei Province). Moreover, the first cases were somehow connected with the local seafood market. In early January 2020, China officially announced that the outbreak of viral pneumonia of unknown origin was caused by a new type of coronavirus. On March 11, 2020, the head of the WHO, Tedros Adhanom Ghebreyesus, announced that the spread of the new coronavirus was of a pandemic nature.

Related articles

Trump Can Block the Persian Gulf, But the Caspian Sea Is Iran’s Backdoor

There is a tendency in global strategic thinking - particularly in Washington - to assume that geography behaves...

It is Time for ‘Shakti’ to Rise: Women’s Reservation as India’s Democratic Awakening

India today stands at the cusp of a long-overdue democratic correction. For decades, the country that prides itself...

‘Sarthak’ Turns Meaningless as Rajasthan Govt Suggests Names Makkhi, Bhayankar for Sarthak Naam Abhiyan

The Rajasthan state government is all set to roll out the ‘Sarthak Naam Abhiyan’ scheme, which is aimed...

It is Time We Talk About Anglo-Indians, Outcasts Whom Nobody Mentions: ‘Vermillion Harvest’ Author Reenita Malhotra Hora

April 13 remains etched in India’s collective memory as the day of the Jallianwala Bagh massacre—one of the...