More than US$200 billion in Covid small business loans stolen, says US watchdog | The Malaysian Insight

  • 📰 msianinsight
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

More than US$200 billion in Covid small business loans stolen, says US watchdog

The US government provided around US$4.6 trillion of funding for pandemic response and recovery, says a recent estimate. – EPA pic, June 28, 2023.

THE United States lost more than US$200 billion to fraud from two schemes designed to help small businesses through the Covid-19 pandemic, according to a US government watchdog report. “We identified multiple schemes used by fraudsters to steal from the American taxpayer and exploit programmes meant to help those in need,” the Small Business Administration’s Office of Inspector General said in a new report.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 8. in FR

France Dernières Nouvelles, France Actualités