Billions Lost In Fraudulent EDD Payments; Overseas Crime Syndicates Cash In

“…Blake Hall, founder and CEO of ID.me told the Los Angeles Times, that California may have paid out nearly $10 billion in phony coronavirus unemployment claims — more than double the previous estimate. Some of that money has gone to organized crime in Russia, China and other countries.

At least 10% of claims submitted to the state Employment Development Department before controls were installed in October may have been fraudulent.

The Times on Friday said that would work out to $9.8 billion of the benefits paid from March through September…”