Amid shutdowns during the pandemic, the government stepped in quickly to provide much needed financial support to Americans and business owners, but maybe they moved too quickly. One of the plans to help was the Paycheck Protection program also known as PPP which we now know has been looted by fraudsters to the tune of billions of dollars. The true amount may not be known, but in this program alone it could be about $80 billion and much of it is unrecoverable. To scam the government people inflated the number of employees they had or even created companies out of whole cloth and there was little verification. Laura Strickler, national investigative reporter at NBC News, joins us for the looting of the PPP.

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<p>Amid shutdowns during the pandemic, the government stepped in quickly to provide much needed financial support to Americans and business owners, but maybe they moved too quickly. One of the plans to help was the Paycheck Protection program also known as PPP which we now know has been looted by fraudsters to the tune of billions of dollars. The true amount may not be known, but in this program alone it could be about $80 billion and much of it is unrecoverable. To scam the government people inflated the number of employees they had or even created companies out of whole cloth and there was little verification. Laura Strickler, national investigative reporter at NBC News, joins us for the looting of the PPP.</p><p> </p> Learn more about your ad-choices at <a href="https://www.iheartpodcastnetwork.com">https://www.iheartpodcastnetwork.com</a>

We have shifted into a new phase in the coronavirus pandemic. We are social distancing, washing our hands, wearing face masks, and we are Reopening America. Oscar Ramirez from the Daily Dive Podcast updates you on any new information about the virus and vaccine development, but will focus on how cities, states, and industries affected by the shutdown are opening back up.

Reopening America

Covid Paycheck Protection Program Has Lost Billions of Dollars to Fraud

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/65808f28-da51-4937-8c00-ae6d00996648/transcript