27.4 C
Delhi
Sunday, April 5, 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

I Concur With Dattatreya Hosabole: Faith Must Be Free, But Forced Conversion Threatens India’s National Security

At a time when India is navigating complex questions of identity, faith, and national cohesion, the statement by...

Naxalism in India: Policies, Operations, and the Decline of the Red Corridor

Origins and IdeologyHow a peasant revolt evolved into India’s longest-running insurgency.The Naxal movement began in 1967 in Naxalbari,...

Drones, Dollars and Dynasty: The Trump Doctrine Goes Airborne

In geopolitics, wars are no longer fought only on battlefields. They are negotiated in boardrooms, shaped in private...

Green Growth in Indian Mining: What Works, What Doesn’t, and What’s Next

As of early 2026, the global industrial sector has shifted its gaze toward "Green Steel," a transition that...