fraud

Pandemic unemployment benefit fraud could reach $45 billion, federal watchdog says

Pandemic unemployment benefit fraud could reach $45 billion, federal watchdog says

The updated figure is a big jump from the $16 billion in potentially fraudulent unemployment payments the bureau cited in a June 2021 alert, which reviewed claims from March to October 2020. Since then, there had an increase in payments tied to social security numbers. of people who filed in multiple states, died, and used …

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US watchdog estimates $45.6 billion in pandemic unemployment fraud

US watchdog estimates $45.6 billion in pandemic unemployment fraud

A federal watchdog found Thursday that fraudsters may have stolen $45.6 billion from the National Unemployment Insurance program during the pandemic, using the Social Security numbers of deceased people and other tactics to deceive and defraud the US government. The new estimate represents a dramatic increase from the roughly $16 billion in potential fraud identified …

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