$1.3 Billion in Covid Relief Taxpayer Money Went to Foreign Recipients?

$1.3 Billion in Covid Relief Taxpayer Money Went to Foreign Recipients?

Look Where $1.3 BILLION In Taxpayer Money Went

(ConservativeInsider.org) – Soon after the COVID-19 pandemic hit, Congress tasked the Small Business Administration (SBA) with reviewing and approving applications for loans through the Economic Injury Disaster Loan (EIDL) program. While some think it was a good plan on paper, a new report revealed over a billion dollars of this relief money, which came from taxpayers, went to people not even living in the US.

On Monday, September 12, an SBA watchdog reported the federal agency gave over $1.3 billion in taxpayer relief funds to foreign applicants, some of which the oversight agency could easily connect to criminal organizations. The SBA contracted the application approval work to a company it previously used for such tasks, but the enormous workload was too much for the team, leading them to approve the applications with little or no review in large batches. This rubber-stamp approval process led to the SBA giving 41,638 awards to people with computer addresses not located in the US.

Many of those applications came from high-risk nations, which the government supposedly bans from asking for the funds in the first place. SBA spokespeople didn’t deny the report, although they emphasized the funds that ended up in questionable hands constituted less than 0.05% of all funds approved, which was around $342 billion.

While they might think this makes some Americans feel better, it’s still an enormous amount of money for taxpayers to send offshore, especially to questionable enterprises.

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