Billions In Pandemic Relief Funds Lost To Fraud



The federal government approved a historic $5 trillion in pandemic spending money over the last two years. While the funds were meant to help unemployed Americans, struggling healthcare providers, and many more, experts estimate that hundreds of billions have been lost to fraud. Lester Holt interviews Michael Horowitz, who chairs the Pandemic Response Accountability Committee.

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#PandemicRelief #Covid #Unemployment

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35 comments

  1. This happens all the time when you put idiots in charge of anything.

  2. And what about that trillion we spent in Afganistan…and the billions of corporate welfare we give away EVERY year, there is simply no accountability with the government, the rich just fund the politicians, the rush to cash in from the wealth corps went into overdrive for this PPP while the real small business got devastated. But no worries the big boys just bought them cheap, so its all good..right.

  3. Trillions lost to much bigger fraud: military industrial complex and tax-free billionaires.

  4. Mothers F… gov need to tight the she!^%

  5. Big company’s get loin part

  6. No hope for the USA at all.none! I'm just waiting for Yellowstone to explode or an asteroid to hit the earth. I'm DONE. We were RIPPED OFF TOO LITTLE, TOO LATE.execute them

  7. There a lot of small loans that people got as well and because they were like 1'500 2,500 no one really checked for the fraud.

  8. Well at least they're tracking these crooks down, the rest of us honest citizens were starting to feel stupid for not taking consequence-free millions

  9. Now everything costs more

  10. And here I am being honest about everything..

  11. Very sad . Because democratic president giving money to the poor and needy, Republicans governors denied it. Politics with the bread of the people. If Trump would give this money, these governors would take it. Hundred billions of dollars are missing. These governors just save millions. Very sad. These governors just lost their souls. These governors just play with the bread of the people.

  12. Doesn’t the Government need some kind of proof?

  13. A lot of this is a scam!! I am fighting the government over unemployment I apparently was not supposed to get, but why was I granted the unemployment when I applied honestly with factual information? I have the state of IL coming after me for 15k with a 10k 'fraud fee' on top of that. Total scam, out to get the citizens

  14. This is disgusting to me how can they lie about that Why didn’t they ask for proof

  15. You can solve this problem by not printing money

  16. This is a dam shame. I have yet to receive the 1st $600 stimulus check.

  17. Of course it is missing! Just ask our favorite pastor Kenneth Copeland the Prosperity Gospel man 😆 in Greed We Trust

  18. What about all the billionaires who took the money for their big corporations before the small businesses could even apply for it? I want to see them investigated for fraud as well.

  19. Yes it's wrong, but the government is the one at fault, this is them at their best…. pathetic

  20. How can you steal money specifically meant to help people who are struggling. That's so rotten. To buy a horse stable for god's sakes.

  21. Y’all have trace back where the money was sent to and have bankers work overtime to check who who cashed in, right there federal law enforcement should be able to handle arrests, barging on peoples properties without a care in the world. Get To WoRk! Come on now

  22. So much fraud and mismanagement under the Trump administration.

  23. Instead of just sending people checks u gave it away to the rich and scammers

  24. Well the government should have installed better fraud prevention to keep this stuff from happening. The real businesses suffered or had to close.

  25. Absolutely ridiculous.

  26. It wasn't lost to fraud, it was allocated to fraud by corrupt congressmen, to their private bank accounts. Oh sure, it went thru these media produced smoke screens, but it all ended up in the politicians hands

  27. Before you want to help Putin! Please don't let the people know Putin's 65 billion rubles luxury yacht! Facing a president with serious corruption! I'm ashamed on you!

  28. lets find out who took this money and go after them . sickies ..

  29. The sad part is that hardworking Americans are going to be the ones to pay this back.

  30. Yet they'll catch us if we are two or three dollars off.

  31. I never received my third stimulus at all first and second arrived but the third never did but oh well Life goes on

  32. Some one took that money look in side job