Pandemic Employment Fraud May Top $60 BILLION
View Source | January 24, 2023 3:05 pm
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- A U.S. government report released Monday estimates that there could have been more than $60 billion in unemployment insurance fraud during the pandemic.
- The report by the U.S. Government Accountability Office says that figure is an estimate spread over the entire unemployment system and should be “interpreted with caution.”
- There has been $4.3 billion of unemployment fraud proven by state workforce agencies and at least $45 billion more in transactions that were flagged as potential fraudulent unemployment claims but not confirmed.
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