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Over $200 Billion Potentially Stolen in COVID-19 Relief Programs, Federal Watchdog Report Reveals
The U.S. Small Business Administration (SBA) inspector general’s report emphasizes the susceptibility of the Paycheck Protection Program (PPP) and COVID-19 Economic Injury Disaster Loan (EIDL) programs to fraudsters, particularly during the early stages of the pandemic. New estimates from a federal watchdog reveal that over $200 billion may have been stolen from two major COVID-19…