Over $45 BILLION in Fraud? – Shocking New Report

Labor Department IG Report Offers New Estimate on COVID Fraud

Labor Department IG Report Offers New Estimate on COVID Fraud

(RepublicanPress.org) – Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES) shortly after the pandemic started, extending unemployment benefits to include more people and a boost to help Americans get by financially during that time. By the end of 2020, the government was cracking down on widespread fraud from ineligible people scamming the program, which had cost taxpayers billions.

In September, the US Inspector General’s office released a report showing a new estimated tally of almost three times the amount previously suspected. In 2020, officials put the number at about $16 billion, but current data puts the total estimate the government paid to fraudsters around $45.6 billion.

Some of the unscrupulous thieves applied for unemployment benefits in multiple states illegally, while others used Social Security numbers from dead or incarcerated people. Inspector General Larry Turner said the windfall of funds for the program drew in people who wanted to take advantage of the government’s generosity during a time of great peril, according to the Wall Street Journal.

Turner went before Congress this past spring when he reported there were overpayments equaling $163 billion. The IG said a large portion of the extra expenditure was because of fraud, WSJ reported.

Legislators are encouraging governmental officials on all levels to use the information provided by the inspector general to prevent this type of occurrence going forward.

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