'$115 Million an hour': U.S. Senate hearing exposed a level of fraud most Americans have no idea
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'His tax money is being used to buy other people luxury items, cars, yachts, whatever else, and is going to fund terrorism and child trafficking. Yes, sir. $1 trillion a year on this stuff. $115 million an hour, $115 million an hour. How did they get in their hands on it? What? What are we talking about here? Trends, national organizations, criminal networks.How do they get their hands on this money? They take advantage of antiquated government systems and processes. They go into programs that they know elected and appointed officials won't touch, and they can steal at scale. And what happened really was during the pandemic, between the loans and the unemployment insurance, they learned a really valuable lesson. Government never runs out of money, and the probability of getting caught is virtually zero' .► Subscribe to The Economic Times for the latest video updates. It's free! - https://www.youtube.com/TheEconomicTimes?sub_confirmation=1 ► More Videos @ ETTV - https://economictimes
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