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Police Off The Cuff/Real Crime Stories

They Stole $300 Billion During The Pandemic.

Police Off The Cuff/Real Crime Stories

Bill Cannon Police off the Cuff/Real Crime Stories

True Crime, Military, Law Enforcement, Crime

4.4870 Ratings

🗓️ 14 November 2025

⏱️ 22 minutes

🧾️ Download transcript

Summary

When Congress passed the 2.2 trillion dollar CARES Act in March 2020, the mission was simple: get money into people's hands, and get it there fast. Two programs, in particular, opened the floodgates: The Paycheck Protection Program, or PPP, and the Economic Injury Disaster Loan program, known as EIDL.

Transcript

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0:00.0

They stole 300 billion during the pandemic.

0:07.7

In the spring of 2020, the world just stopped.

0:12.4

As a terrifying new health crisis swept the globe,

0:16.2

millions of Americans worried about their health,

0:18.8

their jobs, and their families.

0:21.2

To keep the country from sinking the the U.S. government responded with the largest financial

0:26.9

relief effort in history, a multi-trillion dollar lifeline.

0:33.3

But while the nation was locked down, a different kind of crisis was unfolding.

0:38.4

Thousands of criminals were getting organized for the biggest heist in American history.

0:44.5

They didn't need guns or getaway cars.

0:47.6

They used laptops, lies, and the government's own desperation against it.

0:57.9

They siphoned away a flood of cash that was meant for struggling families and businesses. We'll likely never know the full extent of the damage,

1:05.4

but the official estimate is that hundreds of billions of dollars were stolen.

1:12.2

This is the story of how they did it,

1:14.2

and the massive ongoing investigation

1:16.6

to bring more than 3,000 people to justice.

1:22.1

The perfect storm.

1:24.9

When Congress passed the $2.2 trillion CARES Act in March 2020, the mission was simple.

1:33.6

Get money into people's hands and get it there fast. Two programs in particular opened the

1:40.5

floodgates, the Paycheck Protection Program or PPP, and the economic injury disaster

1:47.7

loan program known as EIDL. These programs were supposed to be a lifeline. PPP offered loans to

1:57.1

small businesses to keep their workers on the payroll. Loans that could be forgiven.

...

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