WasteOfTheDay: Labor Dept. Says $163B in Unemployment Fraud

A top watchdog for the U.S. Labor Department recently estimated there were at least $163 billion in unemployment-related “overpayments” from the federal government during the Covid-19 pandemic, which includes wrongly paid checks as well as “significant” benefits that were stolen.

The newest estimated figure comes as the exact scope of the fraud targeting aid — including unemployment benefits — is still unknown, The Washington Post reported.

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