Unemployment fraud may top $60 billion during pandemic – IOTW Report

Unemployment fraud may top $60 billion during pandemic

JTN: A U.S. government report released Monday estimates that there could have been more than $60 billion in unemployment insurance fraud during the pandemic.

The report by the U.S. Government Accountability Office says that figure is an estimate spread over the entire unemployment system and should be “interpreted with caution.”

There has been $4.3 billion of unemployment fraud proven by state workforce agencies and at least $45 billion more in transactions that were flagged as potential fraudulent unemployment claims but not confirmed.

The U.S. Department of Labor stated that about $878 billion in total unemployment benefits were paid from April 2020 through September 2022, the report stated. There was $209 billion in expenditures under the regular unemployment insurance and about $669 billion payouts under the various pandemic unemployment programs, which ended September 6, 2021. more


6 Comments on Unemployment fraud may top $60 billion during pandemic

  1. Votes, bought and paid for.

    Meanwhile, I am the sucker for keeping my employment during Covid mania. Now that I have recently retired I have had no success getting back any of the money that was confiscated from me over the 50 years I’ve been in the workforce. I’m getting pissed off.

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  2. If I were president, the first thing I would do is create a “Fraud Squad.” They would be empowered to pursue government waste, fraud, and abuse and they would be paid 10% of everything they could recover for the taxpayer. $60B in pandemic payment fraud? That’s $6B in potential income if you can recover it all for taxpayers. Or 5% with a 5% bonus for successful prosecutions.

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  3. Congrats to Bret Baier GO Fund Me Grift

    FOX Sheeple fleeced of a quarter million so far

    FOX News Exec Kids have HIGHER EXPECTATIONS

    STEP IT UP, BRET BOI
    7 DIGIT MINIMUM IF YOU WANT TO KEEP THAT CHAIR
    GET SOME HELP FROM CAVUTO, PAYNE and PERINO

  4. Who cares? That is just a drop in the bucket compared to how much the stinking Federal Govt crooks steal, hide, embezzle, lose, (right),, etc.

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