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Inspectors General Estimate $276 Billion of Fraud, Waste in Pandemic Relief Funds: 'Biggest Fraud in a Generation'

At least $276 billion designated as “COVID-19 relief funding” was lost via “fraud” and “waste,” according to cumulative estimates from the inspectors general of the Labor Department, Treasury Department, and Small Business Administration (SBA) shared on Thursday in testimony before a House Oversight and Accountability subcommittee in Washington, D.C.

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