Over $160 billion in unemployment benefits were likely lost of COVID money managed by the US government.
Newsmax reports on the estimated multi-billion-dollar loss by the US government.
COVID-19 pandemic unemployment benefits wound up being a “a magnet for rip-off artists,” as identity thieves capitalized on rushed benefits the government was not geared up for in a pinch, The Washington Post reported Sunday.
An estimated $163 billion in pandemic-related benefits were fraudulently received, according to the Labor Department.
Just $4.1 billion of that has been recovered, just 2.4% of the estimated stolen, raising concern the government is not going to get most of it back.
“The unprecedented explosion of unemployment claims, combined with years of disinvestment in our unemployment system, lack of state-by-state data sharing and weak identity controls, created a perfect storm for the fraud and identity theft in 2020 that we inherited,” adviser to President Joe Biden, Gene Sperling, told the Post in a statement.
More like more than that amount
Government is the best at everything they touch
Likely Lost to Pelosi !!!!!!!!!
GOVT is the FRAUD !!!!!!!!
Weren’t me yo
Lost to the Democrat PARTY !!!!!
WHO Stole it all !!!! (Democrat Party )
If You took $1.00 you would be in Jail !!!!
REALLY Never would have thought that!! Aint seen nothing yet…wait til the ukraine fraud gets exposed.. Never mind the stolen millions from the Chaney crowd and the pentagon 911 records room cover up….if your AWAKE & not woke you know a luciferian lie when you see one! Covid was orchestrated by the democrats soros and china. All to put Trump against against the wall financially (more theft)and cover up the election fraud fostered by fascists lockdowns, soros funded riots, Twitter Bots and media cover ups!!!… You see bill set us up and the hillary election theft failure set em back…(remember hanging chads) Hillary was going for the slam dunk of the total crash of the system all leading to marxist tyranny rule! Trump and the MAGA movement is a direct threat to the baal worshipping NWO cabal! Hence the installation of their administration from hell. !!!