CEO Says Billions Stolen Because Of COVID Unemployment Benefits

(Undated) — The CEO of a fraud prevention service says as much as half of all money given out during pandemic-era U.S. unemployment benefits was fraudulent. Blake Hall of “Id.Me” told Axios America has lost more than 400-billion dollars to fraudulent claims during the pandemic. Axios says criminals were likely able to defraud the government by stealing personal information, then using it to impersonate would-be unemployment claimants. They say a lot of the stolen funds likely went to criminal syndicates in China, Nigeria, Russia, among other places.