Number of the Day

Billions of PPP Dollars Went to Potentially Fraudulent Businesses

To the grifters go the spoils

Photo illustration, source: Yulia Reznikov/Moment/Getty Images

$4.2 billion: That’s the value of 22,529 loans issued under the Paycheck Protection Program that were identified as being subject to “fraud, waste, or abuse” in an October report by the House Select Subcommittee on the Coronavirus Crisis.