Connect with us

Published

on

Advertisement

According to Axios, Criminals may have stolen as much as half of the unemployment benefits the U.S. has been pumping out over the past year, some experts say.

Why it matters: Unemployment fraud during the pandemic could easily reach $400 billion, 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.

Catch up quick: When the pandemic hit, states weren’t prepared for the unprecedented wave of unemployment claims they were about to face.

  • They all knew fraud was inevitable, but decided getting the money out to people who desperately needed it was more important than laboriously making sure all of them were genuine.

By the numbers: Blake Hall, CEO of ID.me, a service that tries to prevent this kind of fraud, tells Axios that America has lost more than $400 billion to fraudulent claims. As much as 50% of all unemployment monies might have been stolen, he says.

  • Haywood Talcove, the CEO of LexisNexis Risk Solutions, estimates that at least 70% of the money s tolen by impostors ultimately left the country, much of it ending up in the hands of criminal syndicates in China, Nigeria, Russia and elsewhere.
  • Advertisement

  • “These groups are definitely backed by the state,” Talcove tells Axios.
  • Much of the rest of the money was stolen by street gangs domestically, who have made up a greater share of the fraudsters in recent months.

The Treasury Department declined to comment on these estimates.

How it works: Scammers often steal personal information and use it to impersonate claimants. Other groups trick individuals into voluntarily handing over their personal information.

  • “Mules” — low-level criminals — are given debit cards and asked to withdraw money from ATMs. That money then gets transferred abroad, often via bitcoin.

The big picture: Before the pandemic, unemployment claims were relatively rare, and generally lasted for such short amounts of time that international criminal syndicates didn’t view them as a lucrative target.

  • After unemployment insurance became the primary vehicle by which the U.S. government tried to keep the economy afloat, however, all that changed.
  • Unemployment became where the big money was — and was also being run by bureaucrats who weren’t as quick to crack down on criminals as private companies normally are.
  • Unemployment fraud is now offered on the dark web on a software-as-a-service basis, much like ransomware. States without fraud-detection services are naturally targeted the most.

The bottom line: Many states are now getting more sophisticated about preventing this kind of fraud. But it’s far too late.

Axios

Advertisement

Covid-19

You must be Unvaccinated to eat at Tony Roman’s…

Published

on

By

Advertisement

Huntington Beach restaurant Basilico’s Pasta e Vino — No Masks Allowed

Basilico’s Pasta e Vino in Huntington Beach posted signs requiring proof of being unvaccinated in order to enter. The restaurant previously banned wearing face masks during the pandemic. “We have zero tolerance for treasonous, anti-American stupidity,” the signs read.

Basilico’s owner Tony Roman said in a statement to McClatchy News that “our American way of life is under attack.” “I feel blessed to be on the front lines of this battle in defense of Liberty and Freedom, willing to put everything at risk for it, pledging our business as a ‘Constitutional Battleground’ since day one of the lockdowns on March 19th, 2020,” Roman said. “We have never complied with any restrictions since, and when the tiny tyrants go on the attack with new mandates, we fire back launching new missiles of defiance. And with the new and aggressive push for mandatory vax policies, we couldn’t resist, so we are sending a message of our own. Hopefully most are smart enough to read between the lines. Otherwise we will just sit back and have fun watching their heads explode over it.”

Advertisement

An employee confirmed the restaurant doesn’t actually check vaccination status.

Watch Video below:

Advertisement
Continue Reading

Covid-19

[VIDEO] ‘The One Truth You Won’t Be Told’: Rand Paul Blasts Dr. Fauci On The Senate Floor

Published

on

By

Advertisement

On the Senate floor, Sen. Rand Paul (R-KY) slammed a familiar target, Dr. Anthony Fauci, over his messaging on COVID-19.

Advertisement
Continue Reading

Covid-19

WATCH: Caller who claims Trump didn’t take Covid seriously enough

Published

on

By

Advertisement

Americans are facing crisis after crisis with the Biden administration in power. However, there are people out there who still believe that we were living in a nightmare under President Trump. For many of us, we are living in a nightmare now with raising inflation, a botched Afghanistan withdrawal, higher taxes, a border crisis, & all the rest of the crises we face. Mike talks to a caller who insists that Donald Trump could’ve handled the coronavirus pandemic better & that he didn’t take it seriously enough.

Advertisement
Continue Reading
Advertisement
Crime39 mins ago

Top 4 Wildest High-Speed Police Chases with Suspects on the Run

Crime2 hours ago

Lawyer for NY Bishop Reacts to Arrests Made in $1M Jewelry Robbery

Crime2 hours ago

Body Cam Footage Released Shows Moments Leading Up To Officer Involved Shooting In Dallas That Left A Man Dead

Crime3 hours ago

Russell Brand Accuses YouTube of Censorship and Bias

Crime4 hours ago

Suspect Driving Nissan GTR Surrenders After 150mph Police Chase

Crime4 hours ago

Previously Deported Illegal Alien Attempts To Wrestle M-4 Rifle From Texas National Guardsman

Crime4 hours ago

Escaped Prisoner Who Went Unnoticed For Days is Captured in Vegas

Crime5 hours ago

6 States Sue Biden To Stop ‘Unlawful’ Student Debt Cancellation

Crime5 hours ago

14-Year-Old Boy Charged After Allegedly Shooting Police Officer

Crime6 hours ago

Tulsa PD: Man dressed as woman raped victim at gunpoint with elderly person present

Crime6 hours ago

Texas Man Sentenced To 14 Years In Prison After Police Find Over $3 Million In Drugs On A Trailer Hauling Wine

Crime6 hours ago

Alex Jones in for Major Reality Check If He Thinks He’s Done Saying Sorry: Depp Lawyer

Crime7 hours ago

Veteran FDNY EMT Fatally Stabbed In “Barbaric” Unprovoked Attack In Queens

Crime7 hours ago

Accused Murderer Tells Mom ‘I Love You’ as Ohio Police Arrest Him

Crime8 hours ago

Love Triangle Murder Trial: Photos of Victim’s Burned Home Shown in Court

Crime8 hours ago

‘This baby is mine today’: Woman accused of kidnapping child from Florida Keys hotel

Crime9 hours ago

Waukesha Parade Massacre: Darrell Brooks Argues with Judge to Act as Own Lawyer

Crime9 hours ago

Texas authorities arrest woman, juvenile for allegedly kidnapping Florida baby

Crime10 hours ago

Emotional Sandy Hook Parent Recalls Harassment After Alex Jones Called Him a ‘Crisis Actor’

Crime10 hours ago

Teen and stepmother arrested, father sought in fatal shooting of rapper PnB Rock at Los Angeles restaurant

Covid-191 year ago

Nurse Whistleblower Breaks Down, Cries in LIVE Tell-All Interview

Proud Boys1 year ago

Proud Boys fighting Antifa in Portland… Raw

Crime3 months ago

Denton Doc’s Bail Bondsman Arrested After Kicking In Woman’s Front Door Without A Warrant

John McAfee1 year ago

Watch: Mysterious McAfee Q message posted 30 minutes after his death… John McAfee…. The DEEPSTATE

Missing11 months ago

AT LEAST NINE BODIES DISCOVERED DURING MANHUNTS IN PETITO CASE

Crime1 year ago

Multiple Walt Disney Employees Among 17 Suspects Arrested in Undercover Child Predator Operation

Crime1 year ago

WATCH: Man Dies After Being Filmed Hanging Off Sky Ride at Amusement Park

Crime1 year ago

Family of 3, along with dog, found dead in forest in Mariposa County

News1 year ago

Texas Dem Who CNN Touted as a “Voting Hero” Was Just Arrested For Voter Fraud

George Floyd1 year ago

George Floyd Statues in Brooklyn and Newark Painted Black

Election 20201 year ago

Postal Employee Admits Dumping Mail, Including Election Ballots Sent to West Orange Residents

Viral Video10 months ago

BREAKING: POLICE GIVE UPDATE ON WISCONSIN TRAGEDY, CONFIRMS ‘MULTIPLE FATALITIES’ INCLUDING CHILDREN

Crime7 months ago

VIDEO: Woman Fatally Shot After Stabbing Cop Serving Eviction Notice

Election 20201 year ago

HUGE new evidence pointing to massive voter fraud in Fulton County

Crime1 year ago

Arizona State Senator Resigns Following Arrest on Seven Felony Child Sex Abuse Charges

Crime1 year ago

Attempted kidnapping of 11-year-old girl caught by surveillance camera in West Pensacola

Crime6 months ago

VIDEO: Man Sought In Murder Investigation Is Shot Dead By Police During Foot Chase In Cincinnati

board of education meeting12 months ago

Man tackled during Loudoun County board of education meeting

Capitol siege1 year ago

FBI releases new footage of suspects assaulting police in January 6 Capitol attack

Crime1 year ago

Former Superior Court Judge sentenced for sex crimes

Crime2 weeks ago

Female Officer Gets Shot By Suspect During Chase But She Still Manages To Fatally Shoot Him While On The Ground

Wanted5 months ago

WANTED: Police searching for suspect in Queens killing

Crime6 months ago

VIDEO: Man Sought In Murder Investigation Is Shot Dead By Police During Foot Chase In Cincinnati

Car Accident7 months ago

9 Dead, Including 6 Students And A Coach, In Crash Involving University Of The Southwest Golf Teams

Crime7 months ago

VIDEO: Woman Fatally Shot After Stabbing Cop Serving Eviction Notice

hate crime7 months ago

Video of black suspect beating elderly Asian woman in Yonkers, New York

Viral Video7 months ago

VIDEO: Mentally Deranged Man Starts Stabbing Employees At NYC Museum Of Modern Art! (*Disturbing Footage*)

Crime7 months ago

83-year-old Transgender Serial Killer Arrested for Hiding Body Parts

Crime7 months ago

Killed A Customer: Handyman Charged With Murder After Woman’s Body Found In Septic Tank!

Attempted Murder7 months ago

Former UFC Champion Cain Velasquez Charged With Attempted Murder After Shooting At Suspected Child Molester!

Uncategorized7 months ago

WATCH : 17 people executed in broad daylight (Graphic Video)

Crime7 months ago

SEE IT: Off-Duty Officers Go At It With An Armed Driver Outside Of A Bar

Crime7 months ago

Pennsylvania Uber Driver & Mother Of Four Pleaded For Her Life Before Being Shot In The Head … Suspect Arrested!

Assault7 months ago

FLORIDA: Man arrested after shooting dog in the face in Holiday

Crime8 months ago

VIDEO: Knife Wielding Hostage Taker Gunned Down By New Jersey Police

Crime9 months ago

VIDEO: Man dripping in sanitizer catches into flames after getting tased by police in New York

Crime9 months ago

VIDEO: Austin police officer punch woman resisting in the head

Assault9 months ago

Video: Burger King employee beaten over slow service in Brooklyn

Crime9 months ago

New Shocking Video in Fatal Burlington Store Shooting of 14-Year-Old Released

Crime9 months ago

Man destroys merchandise, tries setting Palm City 7-Eleven on fire

Trending

Copyright © 2021 Trending Crime by TSD