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Criminal rings plunder billions with unemployed funds

Los Angeles – Sophisticated hackers, spoofing criminals, and foreign criminal gangs stole more than $ 11 billion in unemployment benefits from California last year, but the scope of fraud could be even greater. In addition, billions of dollars are under investigation.

California Secretary of Labor Julie Sue told reporters on Monday that about 10% of the $ 114 billion that the state paid for unemployment was found to be fraudulent.

An additional $ 20 billion (an additional 17%) is considered suspicious, most of which could turn out to be fraud, she said.

“It doesn’t obscure reality,” Sue said. “California did not have sufficient security measures in place to prevent this level of fraud, and criminals took advantage of this situation.”

Almost all fraudulent claims were made through a federal-sponsored pandemic unemployment support program.

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Criminal rings plunder billions with unemployed funds

Source link Criminal rings plunder billions with unemployed funds

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