US failed to stop fraud in COVID business loans

A masked person walks past a sign that says "Store for Rent" with 1,000 square feet available and a phone number

A Store For Rent sign is displayed at a retail property in Chicago, on June 20, 2020. As much as 20% of a pandemic relief program to help small businesses is believed to have gone to fraudsters. (AP Photo: Nam Y. Huh)

June 14, 2022
3:23 pm

As much as 20% of a pandemic relief program to help small businesses is believed to have gone to fraudsters.