In a great Krebs piece, Brian talks about the massive uptick in unemployment fraud that is taking place across the country as the governors across the country had once ordered shutdowns of the states due to the covid-19 pandemic. While a study mentioned to me indicated that the shutdown has no correlation on the spread of the virus, we’ve definitely tried to do the best we can. I don’t have a link to this study, but suffice it to say, we were damned if we didn’t shut it down, or we were damned if we did.
Because the different governors across the country and the world chose to shut down their area of responsibility to curve the spread, fraudsters are not stopping because we are. In one case sited in this article, one state paid out $8,000 if not more to multiple accounts not belonging to anyone in that state! Are there not checks and balances to make sure money goes to their citizens who file properly? I think Brian’s article fits this best. Riding the State Unemployment Fraud ‘Wave’ is the article title and link to this very interesting story. What do you think of it? Lets discuss, as payments are being electronically dispursed now a days, it isn’t all paper checks anymore.