Saturday, December 3, 2022
Home BUSINESS Covid fraud reaches $45.6 billion

Covid fraud reaches $45.6 billion

The Department of Labor’s Inspector General has updated its estimates of unemployment benefits fraud from the pandemic era, and it’s hard to know which is worse: shoddy systems that allowed fraudsters to rip off taxpayers or a refusal to of the Biden Administration to do something about it.

The IG first alerted Labor to the scope of the problem with reports in February and June of last year, identifying $16 billion in potentially fraudulent payments to large and small unemployment scam operators. A new IG memo last week identifies a further $30 billion in fraudulent payments, for a total of $45.6 billion. That is three times what the United States has spent to help Ukraine defend itself against Russia.



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