It was alleged that up to $ 400 billion of COVID unemployment relief was stolen and more than half was sent to criminals in Russia, China and Nigeria.

Blake Hall told Axios that the United States lost 50% of all unemployment relief, $ 400 billion, through fraudulent claims. Hall is the CEO of ID.me, the CEO of fraud prevention services.

Some experts consider theft a national security issue, and cash is in the hands of criminal groups based in Russia, China and Nigeria.

Haywood Talcove told Axios that more than 70% of the $ 400 billion he feared to be stolen was stolen by state-sponsored foreign criminal groups.

“These groups are definitely state-backed,” said Talcove, CEO of LexisNexis Risk Solutions.

US street gangs reportedly stole much of the remaining money.

Fraud prevention experts claim that up to half of unemployment benefits could have been stolen during the COVID-19 pandemic in the United States.

Blake Hall in the photo said the United States lost 50% of its total unemployment relief, $ 400 billion, due to fraudulent claims.

Haywood Talcove said more than 70% of the stolen money was stolen by state-sponsored foreign criminal groups.

Blake Hall on the…

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