A glamorous ex-news anchor convicted of a billion-dollar Covid cash scheme sent an outrageous text to her husband joking about cheating taxpayers out of government funds.

Stephanie Hockridge-Reis's appalling message to her husband Nathan Reis emerged as Reis took a plea deal over his part in the Covid-19 funding scam.

The couple were accused of submitting false applications for Payment Protection Program (PPP) loans during the height of the pandemic.

'This is us trying to apply for free money — when we don't quite qualify. lol,' she texted Reis, 47, according to a federal indictment obtained by The Arizona Republic.

Hockridge-Reis, 42, pleaded not guilty, but a federal jury convicted her of one count of conspiracy to commit wire fraud in June this year. She was acquitted of four counts of wire fraud.