$400 billion, or roughly half of US unemployment benefits paid out during Covid-19 pandemic, may have been squandered by criminals ...News

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$400 billion, or roughly half of US unemployment benefits paid out during Covid-19 pandemic, may have been squandered by criminals
Up to half of the enhanced jobless benefits paid out to help Americans weather the Covid-19 pandemic was reportedly stolen by fraudsters and other criminals, squandering as much as $400 billion in tax dollars. Thieves have tapped into the money by stealing personal information and using it to make false unemployment claims to states, according to reports on Thursday by Fox Business and Axios, citing security experts. States, which are administering the payments, have been ill-prepared to detect overseas crime rings using false identities to fleece the system. Haywood Talcove, chief executive at LexisNexis Risk Solutions, told Fox Busin

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