26.1 C
Delhi
Tuesday, February 25, 2025

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

Date:

Share post:

Donate-GC-Razorpay

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

Cabinet approves LG’s address to Assembly

The J&K cabinet, on Monday, approved Lieutenant Governor Manoj Sinha's address to be delivered by him on the...

‘First female’ truck driver of Kashmir breaks stereotype

A woman from South Kashmir's Pulwama district has become the first female truck driver of Kashmir, thus rejecting...

The Qatari Infiltration of American Academia: Billions Spent, Minds Shaped

Over the past decade, a silent but calculated takeover has been underway within American academia. The culprit? Qatar....

Lasting Peace in Ukraine only possible if all stakeholders involved in Talks: Erdogan

Ankara: A lasting peace in Ukraine can only be achieved if all sides to the conflict come to...