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Feds pay billions to fraudsters tied to
China and Russia in COVID-19 schemes

Original Article

Posted By: Ribicon, 11/29/2021 10:28:20 AM

As the coronavirus pandemic raged, Uncle Sam was doing more than putting money in unemployed Americans’ pockets—the federal government was also shipping tens of billions of dollars overseas to fraudsters working with the country’s most prominent adversaries, such as China and Russia. Haywood Talcove, CEO for LexisNexis Risk Solutions’ government division, says 40% of the more than $700 billion spent on unemployment went to fraudsters. Most of that ill-gotten money—$175 billion of it—went to overseas actors. And most of that, perhaps $140 billion, went to organizations that are state-sponsored. “It makes me mad that there hasn’t been enough oversight, that the tools that are needed

Comments:

It was established after Hurricane Katrina that the federal government first and foremost needs to get as much "relief" money out as possible, and if there's widespread fraud, then so be it.

Post Reply

Reply 1 - Posted by: Ribicon 11/29/2021 10:37:05 AM (No. 991911)
The size and scope is obscene; outright theft of our money through will incompetence by government employees. No one will go to prison, and apart from a small handful of media outlets, no one will know. FTA: "He said the money lost to fraud could have provided $160,000 to each individual in the country below the poverty line. Or it could have paid a Harvard University-level tuition for four years for every 18-year-old in the country."
10 people like this.

Reply 2 - Posted by: volksford 11/29/2021 11:20:46 AM (No. 991952)
The fed government is dysfunctional beyond belief .
10 people like this.

Reply 3 - Posted by: Birddog 11/29/2021 11:32:46 AM (No. 991964)
wish this wasn't pay walled.
0 people like this.

Reply 4 - Posted by: Delilah 11/29/2021 11:48:04 AM (No. 991980)
In Oct. I got a letter telling me that my unemployment had run out. I'm 88 and haven't worked for 23 years. I reported the fraud via the internet to the state unemployment agency. Never heard a word back. Evidently they don't give a darn.
8 people like this.

Reply 5 - Posted by: Lawsy0 11/29/2021 3:05:36 PM (No. 992146)
Our Uncle who art in Washington has tried to ruin many vulnerable youths with all the damn free money! Teenagers buying shoes and purses in the hundreds of dollars each and deciding it's better to go on welfare than to work and save money. No thanks a lot, you Institutional Idiots. You do the same thing, but call it elected office. You and Plugs Byteme can go byte me.
1 person likes this.

Reply 6 - Posted by: DVC 11/29/2021 5:07:40 PM (No. 992219)
Every person in the entire department responsible should be in prison.
2 people like this.

Reply 7 - Posted by: MickTurn 11/29/2021 5:26:54 PM (No. 992242)
Highly likely the Perps are on the DNC Payroll...and we're getting screwed paying them.
4 people like this.

Reply 8 - Posted by: privateer 11/29/2021 5:42:02 PM (No. 992254)
As long as 10% went to the Big Guy, it's no problem. We'll just print some more 'Green' Backs.
4 people like this.

Reply 9 - Posted by: mifla 11/30/2021 3:25:05 AM (No. 992564)
They don't care. It's only taxpayer money, plenty more where that came from. Besides, people who have money likely stole it by not paying enough in taxes.
0 people like this.

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