The Most Brazen $400 Billion Unemployment Funds Heist In History

according to some estimates, and the bulk of the money likely ended in the hands of foreign crime syndicates — making this not just theft, but a matter of national security.”

What happened in California highlights governmental ineptitude, leading to obvious criminal actions. Talcove points out the world moved on from the 1980’s COBOL, but the California Labor and Workforce Development Agency didn’t. When the outbreak happened, fraudsters at all levels of sophistication saw an easy target to exploit.

Talcove alleges that the siphoned off stolen funds were used, in part, for child trafficking, drugs, and causing disruptions in our country. Kits were sold on the darkweb to teach people how to steal someone's identification and submit claims for unemployment benefits. The states didn’t have appropriate policies and procedures in place to catch the criminals.

Talcove says that this could all have been avoided. The tools needed to verify someone’s identity in real-time when a transaction occurs are now commoditized with many companies offering SaaS and API-based products.

This is not an issues regarding the power the US hold? Since the pandemic the FED has printed about +5 Trillion and injected into the Economy, countries like Nigeria had to fall on borrowing so just $400 B missing its not an issue. They should increase their credit debt

POTUS SenateGOP this is sad

$400B+ STOLEN & a Family that collecting Unemployment Governor’s are taking away their benefits($300) They forget that 98 % of the benefits paid out goes back into the system, LOT’S of Family Will be suffering NOT EVERYONE CAN WORK in Hospitality-Restaurants-Construction industry

Government programs are great, makes me really want to pay more taxes now

The large scale cheaters of Payroll Protection Plan, where we have the legal reach, must be prosecuted to the full extent of the law.

So remind me why we let these damn fools tax our productivity? They take our hard earned dollars and literally just piss them into the wind. What a shamefully incompetent group of morons our governing body has become.

I want you guys to list all the big companies that stole money and how the government just let them do it!

this is terrible news

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