Saturday, June 12, 2021

Criminals have stolen Covid19 assistance money--$400 Billion

According to WSJ referring to an Axios report, criminals have absconded with large amounts of the Covid money. Shock and awe!

"Blake Hall, CEO of, a service that tries to prevent this kind of fraud, tells Axios that America has lost more than $400 billion to fraudulent claims. As much as 50% of all unemployment monies might have been stolen, he says.

Haywood Talcove, the CEO of LexisNexis Risk Solutions, estimates that at least 70% of the money stolen by impostors ultimately left the country, much of it ending up in the hands of criminal syndicates in China, Nigeria, Russia and elsewhere."

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