There was so much #fraud on COVID #PPPloans, the feds trained an #antifraud #AI on the applications
Hindsight is 20/20, and the roughly five million Small Business Administration COVID-19 Economic Injury Disaster Loan applications used to train PRAC's "Fraud Prevention Engine" were only available after the programs were already up and running, by which point billions of dollars had been paid out and later identified as potentially fraudulent.
https://www.theregister.com/2026/01/14/feds_antifraud_ai_covid_loans/
#PaycheckProtectionProgram

The Tyee: Please Advise! Does the 'C' in CRA Stand for Crooks? https://thetyee.ca/Opinion/2023/07/04/Please-Advise-CRA-Crooks/ #bcnews #TheTyee - via @[email protected] #CanadaEmergencyResponseBenefit #PaycheckProtectionProgram #MarjorieTaylorGreene #CanadaRevenueAgency #COVIDbenefitsCanada #MattGaetz

This staff report presents findings from an investigation conducted by the Select Subcommittee on the Coronavirus Crisis into the role of financial technology companies (fintechs) in facilitating a disproportionately high rate of fraudulent and otherwise ineligible
loans through the #PaycheckProtectionProgram #PPP #fintechs #fraud https://coronavirus.house.gov/sites/democrats.coronavirus.house.gov/files/2022.12.01%20How%20Fintechs%20Facilitated%20Fraud%20in%20the%20Paycheck%20Protection%20Program.pdf