The biggest scam in US history

The US government has allocated a total of $4.2 trillion during the pandemic to help the hardest hit population. The number translates to a total of three bailouts, of which $280 billion was stolen.On top of that, another $123 billion was wasted or wasted. This was confirmed by an investigation by the Associated Press (AP). We are talking about this, which, according to the Associated Press, may be the largest scam in US history.

How could this theft happen?

Most of the experts involved in the case point to insufficient government control over the distribution of funds as the cause of the theft. This is conditional on the intention to distribute billions of dollars in economic aid in the shortest possible time.

On the other hand, the fact that there were few requirements for applicants made it “a very easy scam”.

It is correct to point out that the state has approved three stimulus payments, one in the amount of $1,200.00; Another $600.00 and another $1,400.00. Specifically, most of the thefts were completed through stimulus checks.

Another large number of embezzlement was driven by extended unemployment benefits, as well as the Paycheck Protection Program (PPP).

An Associated Press investigation confirms that it wasn’t just criminals and gangsters posing as other people to collect money they didn’t need. In this sense, many people from different social groups behaved inappropriately.

For his part, Jane Sperling, Coordinator of the American Rescue Plan at the White House, spoke of some reflections on the unfortunate event. Sperling pointed out the need to create a forward-looking strategy for the US government in the event of a crisis.

The idea is that it focuses on helping those in need quickly, while applying all the common sense barriers to anti-fraud.