3min chapter

Patrick Boyle On Finance cover image

The Scam of The Century!

Patrick Boyle On Finance

CHAPTER

The US Secret Service's Investigation of Pandemic Fraud

The SBA Inspector General's office has estimated that fraud in these two programs comes to $106 billion. Between March and July 2020, the SBA granted 3.2 million economic injury disaster loans totaling $169 billion. There was a strong focus on speed and in the rush to get money out certain checks were dropped. The CARES Act additionally prohibited the SBA from looking at tax return data that could have excluded undeserving applicants.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode