Data scientists from the Pandemic Response Accountability Committee identified nearly $38 million in potentially improper or fraudulent pandemic loans were obtained using Social Security numbers of dead people.
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The loans were made through both the COVID-19 Economic Injury Disaster Loan program and Paycheck Protection Program.
Pandemic Response Accountability Committee Chairman Michael Horowitz testified in February before the House Committee on Oversight and Accountability that PRAC used a verification process to determine that 69,000 questionable Social Security numbers were used to obtain $5.4 billion in pandemic loans and that another 175,000 questionable Social Security numbers were used in applications that were not paid.
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