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
Crime58 mins ago

Rapper T-Pain Moves Concert From Deep Ellum To Grand Prairie

Crime2 hours ago

Netflix Lays Off Close To 150 Employees

Crime3 hours ago

Parents File Lawsuit Against Son For Not Giving Them A Grandchild

Crime4 hours ago

Mother Delivers Her Baby Boy On Side Of The Road As Her Other Kids Waited In Vehicle

Crime5 hours ago

Rapper Travis Scott Gives $1 Million To Assist Black Graduates At HBCUs

Crime9 hours ago

Fort Worth Man Locates Whole Family Through DNA Test After More Than 60 Years

Crime10 hours ago

Fully Functioning Drug Smuggling Tunnel Discovered Near Border

Crime17 hours ago

Demand for Breast Milk Donations Rises During Formula Shortage Crisis

Crime18 hours ago

Boost Mobile Will Let Customers View Ads And Play Games To Decrease Phone Bill

Crime19 hours ago

15 Year-Old San Antonio Male Fatally Shot in the Back 3 Times

Crime20 hours ago

Authorities Work To Identify Young Boy Found In Suitcase

Crime1 day ago

Suspect Involved In Cleburne Deadly Hit And Run Still At Large

Crime1 day ago

Passenger Discusses Flying Airplane, With No Experience, After Pilot Fell Unconscious

Crime1 day ago

Arby’s Manager Admits To Urinating In Milkshake Machine After Being Caught On Video

Crime1 day ago

Uncle and Parents of Toddler Who Died Weighing Less Than 10 Pounds Have Been Arrested

Crime2 days ago

Three Men Arrested In Connection With Fatal Grand Prairie Shooting

Crime2 days ago

Three Juvenile Escapees And Security Guard Captured In Houston After Going Missing

Crime2 days ago

Man Awarded $10 Million Settlement After Becoming Paralyzed From Police Encounter

Crime2 days ago

‘Slutty Vegan’ Founder Gifts All Clark Atlanta University Graduates Of 2022 With Their Own LLC

Crime2 days ago

Aaron Salter Jr., Security Guard Killed By Gunman In Grocery Store, Is Being Hailed As A ‘Hero’

Covid-198 months ago

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

Proud Boys11 months ago

Proud Boys fighting Antifa in Portland… Raw

John McAfee11 months ago

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

Missing7 months ago

AT LEAST NINE BODIES DISCOVERED DURING MANHUNTS IN PETITO CASE

Crime10 months ago

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

News10 months ago

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

Crime9 months ago

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

George Floyd11 months ago

George Floyd Statues in Brooklyn and Newark Painted Black

Crime9 months ago

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

Viral Video6 months ago

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

Election 202012 months ago

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

Election 202010 months ago

HUGE new evidence pointing to massive voter fraud in Fulton County

Crime9 months ago

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

Crime12 months ago

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

Capitol siege10 months ago

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

board of education meeting7 months ago

Man tackled during Loudoun County board of education meeting

Capitol siege11 months ago

New Videos of Assaults on Officers at U.S. Capitol Released, FBI Seeking Suspects

Crime9 months ago

Former Superior Court Judge sentenced for sex crimes

Gabby Petito7 months ago

Brian Laundrie found dead

assassination10 months ago

US citizen arrested over assassination of Haiti president Jovenel Moïse, reports say

Wanted1 month ago

WANTED: Police searching for suspect in Queens killing

Crime1 month ago

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

Car Accident2 months ago

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

Crime2 months ago

VIDEO: Woman Fatally Shot After Stabbing Cop Serving Eviction Notice

hate crime2 months ago

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

Viral Video2 months ago

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

Crime2 months ago

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

Crime2 months ago

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

Attempted Murder3 months ago

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

Uncategorized3 months ago

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

Crime3 months ago

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

Crime3 months ago

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

Assault3 months ago

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

Crime3 months ago

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

Crime4 months ago

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

Crime4 months ago

VIDEO: Austin police officer punch woman resisting in the head

Assault4 months ago

Video: Burger King employee beaten over slow service in Brooklyn

Crime5 months ago

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

Crime5 months ago

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

Bodycam video5 months ago

LAPD releases bodycam video of shooting that left innocent 14-year-old girl dead

Trending

Copyright © 2021 Trending Crime by TSD