Half of COVID-19 Unemployment Funds May Have Been Stolen via Fraudulent Claims: ExpertsEpoch Times, United States politics | The Epoch Times

Several experts, including the CEO of a fraud prevention service, estimated that criminals have stolen as much as half of all the expanded unemployment insurance funds that were authorized starting in March of last year. Blake Hall, the CEO of fraud prevention service ID.me, told Axios this week that the United States has lost approximately $400 billion via fraudulent unemployment insurance claims, or as much as 50 percent. The Epoch Times has reached out to ID.me for comment. Haywood Talcove, the CEO of global data analytics firm LexisNexis Risk Solutions, estimated that at least 70 percent of the funds stolen by fraudsters have already left the United States, although he did not elaborate on a possible sum. That money, he added to Axios, ended up in criminal syndicates in China, Russia, and Nigeria, among other places. “These groups are definitely backed by the state,” Talcove told Axios, referring to those countries’ …Read More

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