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A bombshell report is calling stolen COVID-19 funds the greatest grift in U.S. history with the American taxpayer having been defrauded of a whopping $400 billion, about 10% of all disbursed relief funds.

An AP News analysis says fraudsters potentially stole over $280 billion in COVID relief funds while another $123 billion was wasted or misspent.

With some of the misspent money, scammers used the social security numbers of dead Americans and prisoners to receive the funds. Meanwhile, federal loan applicants were allowed to self-certify their identity – opening the door to even more fraud.

So far, the U.S. government has charged more than 2,000 in fraud crimes. But there’s an 80,000-case backlog and the clocking is ticking.

There is a 10-year statute of limitation for loan fraud cases and a five-year limit for investigators to file charges over fraudulent unemployment benefits.