California: Criminal rings loot billions in jobless funds

California officials say hackers, identity thieves and overseas criminal rings stole an estimated dollar 11.4 billion in unemployment benefits last year. California Labor Secretary Julie Su told reporters in a conference call Monday that of the dollar 114 billion the state has paid in unemployment claims during that time, about 10 has been confirmed as fraudulent.

PTI | Los Angeles | Updated: 26-01-2021 08:17 IST | Created: 26-01-2021 08:17 IST
California: Criminal rings loot billions in jobless funds

California officials say hackers, identity thieves and overseas criminal rings stole an estimated dollar 11.4 billion in unemployment benefits last year. But the extent of the fraud might grow far larger: billions more in jobless payments are under investigation. California Labor Secretary Julie Su told reporters in a conference call Monday that of the dollar 114 billion the state has paid in unemployment claims during that time, about 10% has been confirmed as fraudulent. Nearly dollar 20 billion more is considered suspicious, and a large part could be confirmed as fraud. Su says the state did not have sufficient security measures in place and criminals took advantage of the gaps.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION / BLOG / INTERVIEW

Addressing conflict-related sexual violence at long last

... ...

Why unequal access to coronavirus vaccines is a threat to us all

... ...

India’s love affair with fossil fuels: the path to sustainable development?

... ...

Videos

Latest News

Seven sugar mills worth over Rs 1,097 cr attached in Uttar Pradesh in money laundering case against ex-BSP MLC Mohd Iqbal: ED officials.

Seven sugar mills worth over Rs 1,097 cr attached in Uttar Pradesh in money laundering case against ex-BSP MLC Mohd Iqbal ED officials....

Russia's Sputnik V could be made in Europe for first time after Italy deal signed

Russias Sputnik V vaccine against COVID-19 could be produced in Europe for the first time after a commercial deal to produce it in Italy was signed by the Moscow-based RDIF sovereign wealth fund and Swiss-based pharmaceutical company Adienn...

Eddie Murphy says he decided to take a break from acting after winning Razzies

Hollywood star Eddie Murphy says he decided to take some time off films after winning multiple Razzie Awards, given to the worst movies and performances of the year.The 59-year-old actor, known for films like Dr Dolittle, Beverly Hills Cop ...

Maha: Exam results of two health dept posts on hold due to probe

Maharashtra minister Rajesh Tope on Tuesday said the results of exams held for the posts of health assistants and drivers will be kept on hold till the ongoing probe into malpractices is not over.The state health minister made the announcem...

Give Feedback