Skip to comments.California unemployment fraud during pandemic may total $2B, Bank of America says
Posted on 12/07/2020 6:33:13 PM PST by BenLurkin
Bank of America estimated Monday that fraud in California’s unemployment benefits system could total $2 billion, and said it has identified 640,000 accounts with suspicious activity that should be investigated to determine whether they are bogus and should be shut down.
The bank, which has contracted with the state Employment Development Department to issue debit cards containing unemployment benefits, issued the warning in a letter to state legislators. It represents the highest estimate of fraud yet in a system that has paid $110 billion since the COVID-19 pandemic triggered a wave of joblessness in California beginning in March.
(Excerpt) Read more at ktla.com ...
Stupid fools, they never learn.
So the cure is worse than the disease. Only demon basttard RATS WILL NEVER LEARN. FU bastard adulterous Newsomw, now reap what you have sowed, on the back of everyone but you. FU.
Thanks to these coastal left wing cities, the US has become a bankrupt (moral and financial) dumpster fire.
Economic TERRORISTS. Enemies domestic and foreign.
Keep on telling us dear media, how all the socialist metro areas are what makes the US economy tick.
30,000+ Washingtonians still haven’t received unemployment comp they filed for 8 months ago, but who cares, just wear your mask and follow orders.
Unionized teachers who don’t teach lead to students who won’t study and workers who won’t work.
After that it’s easy for urban rats to proceed to immorality and fraud of all types, including rigging contracts and of course elections too.
The cards are issued with money one the cards you have to go to the end website an fill out the looking for work form, like I have had to do sense july
The fraud in CA was really bad prior to the China flu, now it must be through the roof.
Only $2 billion?
Just put that $2 billion on the working and investing taxpayers’ tab. They won’t mind. And if they do, screw them. That’s the Uniparty way that gets elected every time.
$2B is it? CA has issued out $110B, so that’s less than 2% being fraudulent.
Given the bonus helicopter money, I guarantee there was way more people refusing to return to work to get that extra cash. If employers would actually report these people who turned down returning to work, You could claw back several times that measly $2B!
They are lucky.
Here in Washington state, unemployment fraud disappeared $570 million.
Per capita, that would be roughly $3 billion in California.
Washington state Democrats are so upset about this fraud they promptly reelected our three term Governor and our three term Attorney General.
In a rare break with journalistic tradition, our local news media recently reported that key state agencies and bureaucrats have not been fully cooperating with the State Auditor.
Strongly worded reprimands are expected any day now!
And 100% of the Money Stolen should be Reimbursed by the Public Employee Retirement Funds or a Direct Assessment on ALL Public Employee’s in the State.
How many of those claims have the same addresses for groups? San Quentin....Folsom-—Atascadero-—Tehachapi women’s prison...Dublim women’s prison........???
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.