IRS Investigates Alleged Fraud in COVID Relief Funds

The US government provided $1.2 trillion in Covid relief funds to support businesses and prevent economic collapse.

It is estimated that 70% of the relief funds, about $840 billion, were obtained fraudulently by business owners misrepresenting number of employees.

The government has hired 30,000 IRS agents to investigate and prosecute the massive alleged fraud, which could put many business owners in prison for decades.

Well-known TV stars and celebrities are allegedly involved in the fraud against taxpayers.

With upcoming elections, the Biden administration aims to recoup stolen funds and show it is protecting taxpayers' money.