California: Criminal rings loot billions in jobless funds

California: Criminal rings loot billions in jobless funds

3 years ago
Anonymous $K6XgmDN5_o

https://apnews.com/bdb79d54d86c3758650fa4f7163cebb2

LOS ANGELES (AP) — Sophisticated hackers, identity thieves and overseas criminal rings stole over $11 billion in unemployment benefits from California last year, but the extent of the fraud might grow far larger: billions more in payments are under investigation.

California Labor Secretary Julie Su told reporters in a conference call Monday that of the $114 billion the state has paid in unemployment claims, about 10% — or $11.4 billion — have been confirmed as fraudulent.

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