A 100 BILLION HERE, A 100 BILLION THERE, AND PRETTY SOON, YOU’RE TALKING ABOUT REAL MONEY: Federal Government Lost 5x More to COVID Stimulus Fraud Than It Spent on Vaccine Development, New Report Reveals. “Whenever the government spends money, a significant portion is lost to bureaucracy, waste, and fraud. But the sheer speed, haste, and unprecedented scope of federal spending in response to the COVID-19 pandemic—an astounding $6 trillion total—has led to truly unthinkable levels of fraud. Indeed, a new report shows that the feds potentially lost $200 billion in unemployment fraud alone. “