Experts Say $400B in Pandemic Unemployment Funds Likely Stolen

Some experts say unemployment fraud during the coronavirus pandemic could easily reach $400 billion, with most of that money likely ending up in the hands of international crime syndicates in China, Nigeria, Russia and elsewhere, Axios reports.

The federal government has allocated more than $896 billion to state unemployment insurance programs since March 2020, according to the U.S. Department of Labor’s Office of Inspector General, including enhanced benefits of $300 a week.

But many states weren’t prepared for the influx of unemployment claims filed in the first few months of the pandemic due to ancient computer systems, fewer workers to process claims and strict eligibility requirements.

Read more at Newsmax© 2021 Newsmax. All rights reserved.

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Blogs

670 KBOI GUEST BLOG: Governor Brad Little

670 KBOI GUEST BLOG: Governor Brad Little

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Worthington BLOG: Boise State Football and the NFL Draft

Worthington BLOG: Boise State Football and the NFL Draft

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670 KBOI GUEST BLOG: Governor Brad Little

670 KBOI GUEST BLOG: Governor Brad Little

  After a challenging year, Idaho education needs our support By Governor Brad Little The past 13 months have presented enormous challenges for students, parents, teachers, and school administrators. The sudden changes in work life, home life, and social life, along with new ways of learning and instructing, have firmly placed the COVID-19 pandemic as…

UPDATE Worthington BLOG:  The Governor Must Veto SB 1110

UPDATE Worthington BLOG: The Governor Must Veto SB 1110

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