(Because it was first put together under Trump...)
The official in charge of Covid relief tells NBC News' Lester Holt that programs like PPP were structured in ways that were "an invitation" to fraudsters.
Many who participated in what prosecutors are calling the largest fraud in U.S. history — the theft of hundreds of billions of dollars in taxpayer money intended to help those harmed by the coronavirus pandemic — couldn’t resist purchasing luxury automobiles. Also mansions, private jet flights and swanky vacations.
They came into their riches by participating in what experts say is the theft of as much as $80 billion — or about 10 percent — of the $800 billion handed out in a Covid relief plan known as the Paycheck Protection Program, or PPP. That’s on top of the $90 billion to $400 billion believed to have been stolen from the $900 billion Covid unemployment relief program — at least half taken by international fraudsters — as NBC News reported last year. And another $80 billion potentially pilfered from a separate Covid disaster relief program.
Why is it that most of these programs are built so that they can be looted. There was a podcast with Lex Fridman and Brett Johnson, who was the grandfather of cyber crime. This was a great podcast as Brett tells almost everything there is to know about cyber crime.
My real problem with this is that if they are going to set the program up this way they should allow everyone to participate in the theft. After all, it is our money.