The federal government has lost at least $276 billion in taxpayer money that was designated as “COVID-19 relief funding,” according to the estimates of inspectors general.

The funds were lost due to “fraud” and “waste,” according to cumulative estimates from the inspectors general of the Labor Department, Treasury Department, and Small Business Administration (SBA).

The revelation was revealed during recent testimony before a House Oversight and Accountability subcommittee in Washington, D.C.

Larry Turner, inspector general for the Labor Department, estimated that $76 billion slated for “unemployment insurance” was deployed via fraudulent claims.