‘Biggest fraud in a generation’: The looting of the Covid relief plan known as PPP (NBC News)
NBC News: ‘Biggest fraud in a generation’: The looting of the Covid relief plan known as PPP. “Many who participated in what prosecutors are calling the largest fraud in U.S. history — the theft of hundreds of billions of dollars in taxpayer money intended to help those harmed by the coronavirus pandemic — couldn’t resist purchasing luxury automobiles. Also mansions, private jet flights and swanky vacations. They came into their riches by participating in what experts say is the theft of as much as $80 billion — or about 10 percent — of the $800 billion handed out in a Covid relief plan known as the Paycheck Protection Program, or PPP.”