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NPR: Over $200 billion in pandemic business loans appear to be fraudulent, a watchdog says (www.npr.org)

submitted 1 year ago by [email protected] to c/[email protected]

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The Office of Inspector General of the Small Business Administration has released a "landscape of fraud" report highlighting why 17% of PPP and other loans appear bogus.

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[–] [email protected] 3 points 1 year ago

Which is exactly why people that didn't need the money should be investigated but people that actually used it, even if they didn't need whatever they spent it on, should be left alone.

If we dropped a million dollars from that proverbial helicopter but $900,000 was captured in a safe by Bezos and never distributed throughout the economy, it's just a gift and not effective at the original goal at all.