{"id":271954,"date":"2021-06-11T02:36:33","date_gmt":"2021-06-10T23:36:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dc-cant-let-it-happen-again\/"},"modified":"2021-06-11T02:36:33","modified_gmt":"2021-06-10T23:36:33","slug":"dc-cant-let-it-happen-again","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dc-cant-let-it-happen-again\/","title":{"rendered":"#DC can’t let it happen again"},"content":{"rendered":"

“#DC can’t let it happ<\/a>en again<\/strong>”
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Up to half of US unemployment benefits over the past year may have gone to fraudsters, a theft that could top $400 billion, reports Axios\u2019 Felix Salmon<\/a>. Even if the real figure is a third<\/em> of that, it\u2019s a scandal for the ages and a sign that Congress didn\u2019t think things through when it made jobless payments the central form of COVID relief.<\/p>\n

The state agencies that handle applications for unemployment payments weren\u2019t remotely ready: Filings had been under 300,000 a week for the whole country before the lockdowns started, but spiked above 6 million the first week of April 2020 and didn\u2019t drop below 1 million until August.<\/p>\n

That led to a drop in security for validating claims. Plus, since eligibility was widened to include the self-employed, and independent contracts and benefits were extended indefinitely, it suddenly became far more attractive for fraudsters to move in.<\/p>\n

Salmon\u2019s sources might be overestimating the fraud (the ones that went on the record are with companies that sell fraud-prevention services), but it\u2019s certainly true that filings greatly exceeded Wall Street expectations early on. Plus, he reports that unemployment-fraud software is now for sale on the dark Web, while one expert suggests that two-thirds of the stolen cash went to overseas crime syndicates based in nations like China, Nigeria and Russia.\u00a0 <\/p>\n

Question is: Can Washington and the states bolster ID-verification and eligibility checks going forward, to ensure nothing similar ever happens again?\n <\/p><\/div>\n

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If you want to read more News<\/a> articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#DC can’t let it happen again” Up to half of US unemployment benefits over the past year may have gone to fraudsters, a theft that could top $400 billion, reports Axios\u2019 Felix Salmon. Even if the real figure is a third of that, it\u2019s a scandal for the ages and a sign that Congress didn\u2019t…<\/p>\n","protected":false},"author":1,"featured_media":271955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/06\/NYS-Dept-of-Labor.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[108888,43,71006,70840],"class_list":["post-271954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-10-21","tag-editorial","tag-fraud","tag-unemployment-benefits"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/271954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=271954"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/271954\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/271955"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=271954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=271954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=271954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}