Author Topic: The Scale of COVID Unemployment Fraud Is ASTOUNDING  (Read 225 times)

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Offline RomanCatholic1953

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The Scale of COVID Unemployment Fraud Is ASTOUNDING
« on: June 12, 2021, 06:51:46 PM »
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  • The Scale of COVID Unemployment Fraud Is ASTOUNDING

    First, a few details:
    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.
    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.
    That last bit was explicitly endorsed by then-Vice President Joe Biden in 2009 when he was put in charge of Barack Obama’s Porkulus I “stimulus” spending orgy.
    “We know some of this money is going to be wasted,” Biden said then. “Some people are being scammed already.”
    The shovel-ready jobs weren’t. The efficiencies gained from infrastructure improvements never materialized.
    The waste-to-benefit ratio back then approached ?:1.
    Same thing now, because once the Leviathan gets this big, it doesn’t matter much who’s in charge of it.
    Washington will surround its own buildings with troops and barbed wire to protect it from imaginary threats but let hundreds of billions of our dollars go to Russian and Chinese crooks without a care in the world.
    According to the report, the absolute low-ball, low-end figure is that international thieves got hold of $200,000,000,000 of our money.
    The average taxpayer will fork over $525,000 in their lifetime.
    Assuming all of that went to Washington — it doesn’t even come close, after state and local taxes — it would take 381,000 average lifetimes to make up for what Washington so frivolously wasted as just a cost of “getting things done.”
    But it could be as many as 762,000 lifetimes if the crooks got away with the high-end figure.
    This kind of thing is exactly why conservatives are conservatives.
    We understand, in our brains and in our souls, that government just isn’t very good at very many things. So the best thing is to constitutionally limit the number of things that government is allowed to do, and to keep its power to tax, borrow, and spend limited, too.
    We failed at that, and now Washington fails us at every trillion-dollar opportunity.
    But it does prove one thing: We might have lost the battle for small government, at least for now, but we conservatives were the sane ones all along.

    https://conservativesjournal.com/the-scale-of-covid-unemployment-fraud-is-astounding

    Offline RomanCatholic1953

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    Re: The Scale of CÖVÌD Unemployment Fraud Is ASTOUNDING
    « Reply #1 on: June 12, 2021, 06:54:08 PM »
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  • Half Of Pandemic Unemployment Funds May Have Been Stolen: Axios
    Published: June 12, 2021
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    Source: Zero Hedge

    As much as half of the unemployment benefits paid by the US government over the past year may have been stolen through fraud, with the bulk ultimately ending up outside the country - likely into the hands of foreign crime syndicates in China, Nigeria, Russia and elsewhere, according to Axios' Felix Salmon.
    According to some estimates, unemployment fraud during the pandemic could 'easily reach $400 billion,' as states weren't prepared for the unprecedented wave of unemployment claims
    Source: Bloomberg, April 09, 2020
     
    States knew that fraud was inevitable, but opted to rush money out to people with minimal oversight, as opposed to laboriously vetting each application.
    According to Blake Hall, CEO of ID.me - a fraud prevention service, America has lost over $400 billion to fraudulent claims, with as much as 50% of all unemployment payments possibly being stolen.
    Of that, up to 70% of the money stolen by impostors ultimately left the country according to Haywood Talcove, CEO of LexisNexis Risk Solutions, who ways "These groups are definitely backed by the state."
    The rest of the money was likely stolen by street gangs domestically, who have made up a greater share of the fraud in recent months.
    Quote
    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. -Axios
    What's more, unemployment fraud can now be obtained on the dark web on a software-as-a-service (SAAS) basis - similar to ransomware. Naturally, states without fraud-detection services in place are the top targets, however several states are beginning to employ more sophisticated measures to prevent fraud.
    As Axios' Salmon notes, however, "It's far too late."
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    Online Viva Cristo Rey

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    Re: The Scale of CÖVÌD Unemployment Fraud Is ASTOUNDING
    « Reply #2 on: June 13, 2021, 05:01:02 AM »
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  • The state and federal agencies over the years have hired people who are not only incompetent but immoral too. Lowlifes who by passed civil service testing.   The hackers most likely working from within these unemployment Offices.  
    To live with the Saints in Heaven is all bliss and glory....To live with the saints on Earth is just another story!  (unknown)

    Offline Incredulous

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    Re: The Scale of CÖVÌD Unemployment Fraud Is ASTOUNDING
    « Reply #3 on: June 13, 2021, 11:05:42 AM »
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  • The state and federal agencies over the years have hired people who are not only incompetent but immoral too. Lowlifes who by passed civil service testing.   The hackers most likely working from within these unemployment Offices.  

    This is essentially the same Zionist modus operandi the Jєωs used in Russia to create the Bolshevik revolution.

    The demonic ex monk, Rasputin was their spearhead infiltrator, who bewitched the Czar & Czarina into letting him make government appointments.



    By the time Rasputin was executed by officers of Russia's White Army, the country's economy was in complete collapse.

    Disorder and Chaos are the Jєω's garden.

    "Some preachers will keep silence about the truth, and others will trample it underfoot and deny it. Sanctity of life will be held in derision even by those who outwardly profess it, for in those days Our Lord Jesus Christ will send them not a true Pastor but a destroyer."  St. Francis of Assisi


     

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