REPORT: Nearly Half Of COVID-19 Unemployment May Have Been Swindled By Fraudsters, Up To $400 Billion

Blake Hall, CEO of the online identity network ID.me, estimated that the U.S. lost more than $400 billion to fraudulent claims during the pandemic, Axios first reported Thursday. He also said up to 50% of all benefits offered through unemployment may have been stolen.

h/t Marvin