Half of pandemic unemployment money was likely stolen

Blake Hall, CEO of ID.me, a service that tries to prevent this kind of fraud, tells Axios that America has lost more than $400 billion to fraudulent claims. As much as 50% of all unemployment monies might have been stolen, he says. Haywood Talcove, the CEO of LexisNexis Risk Solutions, estimates that at least 70% of the money stolen by impostors ultimately left the country, much of it ending up in the hands of criminal syndicates in China, Nigeria, Russia and elsewhere.
Half of the pandemic's unemployment money may have been stolen

Our grandchildren will be paying off the massive debt for making overseas scammers rich.

It looks like China allowed the virus to escape, then stole billions in benefits intended for those unemployed from the resulting lockdowns.

You always have criminals ready to take advantage of any situation.

Allan

It looks like there are billions and billions to be made by bioterrorists if they can create another pandemic.

Bitcoin is not required.

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At least. Up to. Might be. Furriners.

I am sure that President Biden will get his dear friend, President Xi, to investigate, return the stolen funds, and send the scammers to US for trial.

If you believe that I have bridge to sell you in New York . . .

The Axios report is not the first that describes massive unemployment fraud, and the estimated losses are increasing.

https://www.secretservice.gov/newsroom/releases/2021/05/us-secret-service-helps-recover-2b-through-investigations-covid-19

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Government stands for cluster ■■■■ …period. “We” need less, not more. Wake up people.

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The only way to actually speak to a person was claim you spoke Spanish in Virginia.

It was the most obnoxious process of my life. If you hit 1 for English it would tell you to call back later, hit 2 you could speak to Spanish speakers instead of robots.

Entire system was set up by the chromosomally challenged, I’ve given up on actually getting the PUA.

I keep hearing about how easy it was to scam and ■■■■ but I had spent probably 10+ hours on hold and being transferred and haven’t received a cent after 9 months. I still haven’t received any stimulus checks either.

The ■■■■ why are the in person offices still closed? Who are these people and why are they being paid.

https://www.vec.virginia.gov/vec-local-offices-covid-status

https://www.vec.virginia.gov/vec-local-offices-covid-status

The level of incompetence on display was so mind blowing, it’s like they tried to hire the absolute stupidest people they could find.

I don’t understand how this was allowed to happen.

Don’t provide the situations.

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