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Complete Story
10/11/2020
Widespread Unemployment Fraud Is Overwhelming State Systems
Security Boulevard
Back on Sept. 17, 2020, NBC News proclaimed that “fraudsters steal millions from unemployment coffers, adding to pain of those still waiting for benefits.” Here’s how that story begins:
Over $1 billion in unemployment aid is being threatened by fraud, in schemes ranging from lying about personal income to sophisticated cybercrime, state and federal officials told NBC News. The main target: Pandemic Unemployment Assistance.
The widespread fraud is plaguing unemployment systems nationwide, hampering states’ efforts to get money into the right hands. The U.S. Secret Service has launched over 500 investigations in 40 states as part of a multiagency effort to protect taxpayer dollars.
“It’s very rampant,” David Smith, the agent in charge of the investigation, said in an interview. “Criminals knew the priority was to get that money into the hands of Americans sooner than later. So they just jumped on an opportunity.”
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