COVID Fraud At $400 Billion

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At a glance

  • Reports indicate as much as $400 billion in COVID-19 unemployment relief were likely lost to waste and fraudsters. Lawmakers want answers.
  • Republicans on the House Ways and Means Committee sent a letter to the U.S. Department of Labor demanding documents and information related to the unemployment fraud.
  • “Since the Summer of 2020, repeated alerts from federal law enforcement agencies warned of targeted efforts involving organized cybercrime, foreign actors, and international crime rings using stolen identities of American citizens to obtain fraudulent unemployment benefits,” the letter said. “Fraud estimates range from $80 billion to as much as $400 billion, which is nearly half of all the COVID-19 unemployment aid.”

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