The government doled out nearly 100,000 pandemic loans to people whose applications were filed using suspect Social Security numbers, government investigators revealed Monday.
The suspicious applications were awarded $5.4 billion from the Small Business Administration.
Investigators said the bogus payments appear to have been made early on, when the Trump administration was eager to pump money into the economy and worried less about controls of fraudulent claims. Applicants weren’t even checked against the Treasury Department’s “Do Not Pay” list.
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