By Rajan Laad
Recently, a government report revealed that COVID-19 relief efforts led to possibly the largest fraud in the history of America.
The Washington Post reported that unemployment benefits of an estimated $163 billion were paid to undeserving individuals due to either error or fraud.
In the Economic Injury Disaster Loan program, around $58 billion was paid to companies that shared the same addresses, phone numbers, bank accounts, or other data as other applicants — a clear indication of fraud.
Why did this happen?
The first reason is antiquated computer systems.
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