So much money, so little oversight: Coronavirus bailout cash is a big target for fraud

So much money, so little oversight: Coronavirus bailout cash is a big target for fraud

With the U.S. economy largely shut down and the number of jobless Americans growing by millions each week, lawmakers in March moved swiftly to approve a historic stimulus package that would inject trillions of dollars into the economy as incomes and revenues evaporated.  

The Coronavirus Aid, Relief, and Economic Security, or CARES, Act injects more than $7 trillion into the economy: $2.2…

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