Posted on 04/20/2021 9:18:06 AM PDT by weston
Half of the pandemic’s unemployment money may have been stolen
Felix Salmon 6 hours ago
FTA
Criminals may have stolen as much as half of the unemployment benefits the U.S. has been pumping out over the past year, some experts say.
Why it matters: Unemployment fraud during the pandemic could easily reach $400 billion, according to some estimates, and the bulk of the money likely ended in the hands of foreign crime syndicates — making this not just theft, but a matter of national security.
Catch up quick: When the pandemic hit, states weren’t prepared for the unprecedented wave of unemployment claims they were about to face.
They all knew fraud was inevitable, but decided getting the money out to people who desperately needed it was more important than laboriously making sure all of them were genuine.
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.
Haywood Talcove, the CEO of LexisNexis Risk Solutions, estimates that at least 70% of the money stolen by impostors ultimately left the country, much of it ending up in the hands of criminal syndicates in China, Nigeria, Russia and elsewhere.
“These groups are definitely backed by the state,” Talcove tells Axios.
Much of the rest of the money was stolen by street gangs domestically, who have made up a greater share of the fraudsters in recent months.
Jim Jordan bringing the heat, to Wray! 🔥🔥🔥 pic.twitter.com/0PF2KmvUFw— Teresa 🗣 “Joe, you know Trump won.” (@thorsome2) June 10, 2021
What a beautiful home - hope you sell quickly. Love the tree in front - we have flowering trees in our front yard, too!
But only 1480 square feet? That just does not compute, somehow! Our rather older house lists as (slightly) larger than that, yet ours is obviously much smaller, with only 3 modest sized bedrooms, a narrow galley-style kitchen, small bathrooms, no laundry room, etc.... I think you should check the math! Or do they measure a two-story home only by its overall “footprint” rather than including both stories? Maybe that’s what they do...
Another one.....
Ian Prior
@iandprior
This speech at the #loudouncounty school board meeting was absolute FireFireFire #alldayeveryday #mustseetv
https://twitter.com/iandprior/status/1402417063059234821
Those are big numbers.
What an arse.
WHY,WHY,WHY?
NEW: 12 House Democrats release a statement condemning Ilhan Omar for equating the U.S., Israel to terrorists
There’s still many that believe the Russian hoax too.
Thanks!
lol
Love it!
400 billion is a lot of money.
Ben Shapiro
@benshapiro
The only Democrats here condemning Omar are Jewish. It’s disgraceful that the Democratic Party’s other members are afraid to join their Jewish colleagues in condemning Omar’s obvious anti-Semitism. And even these Democrats will only ask her to “clarify.”
So much for anti-hate solidarity among Democrats. If you’re talking about anti-Semitism, even elected Jewish Democrats are on their own among their colleagues.
https://twitter.com/benshapiro/status/1402960526259404800
cute. Thanks!
Statement by Donald J. Trump, 45th President of the United States of America
06/10/21
It is now unanimous, and I have been proven right (once again) that the initial World Health Organization Report on the Wuhan Lab was flawed and must be redone, this time by a truly transparent investigation. We were right about the China Virus from the beginning, and now the entire world sees it. This is why the Chinese Communist Party should pay $10 Trillion in global reparations for what they allowed to happen, the worst event in world history. Even here in the United States, the so-called experts like Dr. Fauci were wrong about the Wuhan Lab and China’s role the entire time. Just think how bad things would have gotten if I followed Dr. Fauci’s advice and never closed down travel from China (and other things)? Dr. Fauci likes to say that he is “science,” when in fact he is merely science fiction!
Wray hasn’t changed one bit. Several good videos at that ,ink, thanks.
"Dr. Fauci likes to say that he is “science,” when in fact he is merely science fiction!" President Donald J. Trump
👍👍
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