A U.S. government report released Monday estimates that there could have been more than $60 billion in unemployment insurance fraud during the pandemic.
The report by the U.S. Government Accountability Office says that figure is an estimate spread over the entire unemployment system and should be “interpreted with caution.”
There has been $4.3 billion of unemployment fraud proven by state workforce agencies and at least $45 billion more in transactions that were flagged as potential fraudulent unemployment claims but not confirmed.
