Con artists are creating phony web sites with names like PresidentObamaGrants.com and FederalGovernmentGrantSolutions.com. “They’re advertising them on search engines like Google and on social networking sites like Facebook. They’re also promoting them in chat rooms,” says Susan Grant, director of consumer protection at the Consumer Federation of America.
Web sites offering grant money from the government are bogus [msnbc.msn.com]
The FTC is also warning against it:
“Don’t fall for it,” warns Eileen Harrington, acting director of the Federal Trade Commission’s Bureau of Consumer Protection. “There is no money in the stimulus package to send out individual checks to people.”
I've seen these; they're easy to find, especially by doing a "stimulus" news search.