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Half of all COVID unemployment relief was stolen – and most of of the $400 billion in illegally-claimed handouts were funneled to Russia, China and Nigeria, experts claim

Up to $400 billion in COVID unemployment relief was stolen – and more than half that cash was funneled to criminals in Russia, China and Nigeria, it was claimed.

The United States lost as much as 50% of all unemployment relief, as much as $400 billion, through fraudulent claims, Blake Hall told Axios. Hall is the CEO of ID.me CEO, a company that provides fraud prevention services.

Some experts are considering the theft a matter of national security with cash ending up in the hands of criminal groups based in Russia, China and Nigeria.

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7 thoughts on “Half of all COVID unemployment relief was stolen – and most of of the $400 billion in illegally-claimed handouts were funneled to Russia, China and Nigeria, experts claim”

  1. I can’t understand how this can be. Are we that f’n’ stupid. Do we not have a checks and balance system? Checks meaning check what’s going on. This is our tax money, something they always want more of, OPM. Pisses me off.

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