Half of the pandemic's unemployment money may have been stolen
Summary
An ID.me news post dated July 26, 2021 excerpts an Axios item by Felix Salmon reporting that experts say unemployment fraud during the COVID-19 pandemic could reach $400 billion. Blake Hall, CEO of ID.me, which the item calls a service that tries to prevent this kind of fraud, told Axios that America had lost more than $400 billion to fraudulent claims and that as much as 50% of all unemployment money might have been stolen.
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News Half of the pandemic's unemployment money may have been stolen July 26, 2021 By: ID.me By Felix Salmon, Axios Experts say unemployment fraud could reach $400 billion during the COVID-19 pandemic. International crime syndicates and other criminals may have stolen as much as half of the unemployment benefits the U.S. has been sending out since the start of the pandemic. “By the numbers: 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.” Read The Full Article
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