Report shows ‘fraud and waste’ of Taxpayer money during Covid Aid; $420 billion missing

Luke 21:11 There will be great earthquakes, and in various places famines and pestilences. And there will be terrors and great signs from heaven.

Important Takeaways:

  • The Great COVID Grift: $420 BILLION lost from coronavirus aid through ‘fraud and waste’: Staggering report reveals how billions of taxpayer cash from $4.2 trillion in bailout funds disappeared
  • More than $400 billion of COVID aid was lost to fraud or wasted spending under Donald Trump and Joe Biden, a new bombshell report claimed on Monday.
  • An analysis by the Associated Press said fraudsters and criminals plundered billions of taxpayer cash set aside to fend off economic collapse during the pandemic.
  • It estimated that $280 billion in COVID relief funding was lost to fraud, while another $123 billion was wasted or misspent.
  • Michael Horowitz, the U.S. Justice Department inspector general investigating Covid-related fraud, recently told Congress that it was ‘clearly in the tens of billions of dollars and may eventually exceed $100 billion.

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