Fraud losses from U.S. Covid schemes hit US$36 billion

Fraud losses from the US government's Covid-19 relief programmes hit US$36 billion, or 3% of the US$1.2 trillion funds disbursed, according to a 27 June report from the federal Small Business Administration's (SBA's) Office of Inspector General.

By Sara Lewis

Fraud losses from the US government's Covid-19 relief programmes hit US$36 billion, or 3% of the US$1.2 trillion funds disbursed, according to a 27 June [2023] report from the federal Small Business Administration's (SBA's) Office of Inspector General.