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California unemployment fraud during pandemic may total $2B, Bank of America says
ktla ^ | 12/07/2020

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 ...


TOPICS: US: California
KEYWORDS: california; fraud; pandemic; unemployment

1 posted on 12/07/2020 6:33:13 PM PST by BenLurkin
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To: BenLurkin

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.


2 posted on 12/07/2020 6:39:12 PM PST by Fungi
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To: BenLurkin

Thanks to these coastal left wing cities, the US has become a bankrupt (moral and financial) dumpster fire.


3 posted on 12/07/2020 6:40:11 PM PST by snarkytart
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To: BenLurkin

Economic TERRORISTS. Enemies domestic and foreign.


4 posted on 12/07/2020 6:40:50 PM PST by PGalt (Past Peak Civilization?)
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To: BenLurkin

Keep on telling us dear media, how all the socialist metro areas are what makes the US economy tick.


5 posted on 12/07/2020 6:40:56 PM PST by snarkytart
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To: BenLurkin
Dang it, Cali beat my state of Washington which only has $3/4 Billion in unemployment fraud.
6 posted on 12/07/2020 6:47:06 PM PST by PROCON (Molon Labe)
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To: BenLurkin

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.


7 posted on 12/07/2020 6:49:45 PM PST by PROCON (Molon Labe)
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To: snarkytart

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.


8 posted on 12/07/2020 6:51:00 PM PST by rfp1234 (Caveat Emperor)
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To: PROCON

"Woo-hoo!"
9 posted on 12/07/2020 6:59:12 PM PST by BenLurkin (The above is not a statement of fact. It is either opinion, or satire. Or both.)
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To: BenLurkin

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


10 posted on 12/07/2020 6:59:26 PM PST by markman46 (engage brain before using keyboard!!!at )
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To: BenLurkin

The fraud in CA was really bad prior to the China flu, now it must be through the roof.


11 posted on 12/07/2020 7:11:35 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: BenLurkin

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.


12 posted on 12/07/2020 7:15:20 PM PST by frank ballenger (End vote fraud harvesting,non-citizen voting & leftist media news censorship or we are finished.)
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To: BenLurkin

Who knew...


13 posted on 12/07/2020 7:18:35 PM PST by DoughtyOne (I'm calling for terrorist and criminal reform. Defund them now.)
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To: PROCON

"We're all in this together..."


14 posted on 12/07/2020 7:19:13 PM PST by Phillyred (Kieran Hussie)
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To: BenLurkin

$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!


15 posted on 12/07/2020 9:06:25 PM PST by Svartalfiar
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To: BenLurkin
Just $2 billion?

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!

16 posted on 12/07/2020 10:50:18 PM PST by zeestephen
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To: BenLurkin

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.


17 posted on 12/08/2020 5:56:29 AM PST by eyeamok
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To: BenLurkin

How many of those claims have the same addresses for groups? San Quentin....Folsom-—Atascadero-—Tehachapi women’s prison...Dublim women’s prison........???


18 posted on 12/08/2020 10:13:28 AM PST by ridesthemiles ( )
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