Massive Fraud under the COVID-19 Unemployment Program Estimated at $400 Billion

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The unemployment fraud in the US could be more than $400 billion, “more than the gross domestic product of 35 states,” according to Republican Representatives James Comer, Darrell Issa and Gary Palmer. They reported that criminals may have stolen as much as half of the unemployment benefits the US has been pumping out over the past year. They said that the bulk of the money was sent to foreign crime syndicates, mostly in Russia and China, but the federal government should be held accountable for delivering the money to criminals. The Republican Congressmen called for a hearing on the matter, but Republicans are the minority in the House and do not have the power to initiate a hearing themselves.

In February 2021 the Congressmen requested a hearing on fraudulent unemployment benefits in California, which at the time were estimated to be between $11 – $31 billion for that state alone.

Amid massive fraud reported in the Covid-19 unemployment program, Congressional Republicans are renewing a call for the House Oversight Committee to investigate.

According to Republican Reps. James Comer, Darrell Issa and Gary Palmer, they wrote the lead Democrat on the Oversight Committee, Carolyn Maloney, back in February asking for a hearing. At the time, they said fraudulent payouts of unemployment benefits in California alone were estimated to be between $11 billion and $31 billion.

However, no hearing was called.

Now, the Congressmen say the national unemployment fraud may be more than $400 billion, according to reports, “more than the gross domestic product of 35 states.”

They are again asking for a hearing.

Currently, Republicans are in the minority in the House meaning they do not have the power to call a hearing themselves.

Read full article here…

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