WasteOfTheDay: No SBA Plan to Address Fraud in $814B PPP

It’s no secret that the Paycheck Protection Program is rife with fraud, with some estimates putting total fraud up to $80 billion, nearly 10 percent of the $814 billion program.

Now, an investigation from the Small Business Administration Inspector General claims that the SBA created the program with no safeguards to protect against fraud, leading to what a former U.S. attorney has called the “biggest fraud in a generation.”