The analysis discovered that fraudsters took more than US$280 billion in relief cash, while another $123 billion was lost or misspent.
“Combined, the loss represents 10 percent of the $4.2 trillion the U.S. government has so far disbursed in aid,” according to the report.
According to the analysis, this was the worst heist in U.S. history, with criminals stealing billions of dollars in government money intended to stabilize an economy in free fall.