Do you have any concept of how much money $400 billion dollars is??
By the numbers: Blake Hall, CEO of ID.me, a service that tries to prevent this kind of fraud, tells Axios that America has lost more than $400 billion to fraudulent claims. As much as 50% of all unemployment monies might have been stolen, he says.
- Haywood Talcove, the CEO of LexisNexis Risk Solutions, estimates that at least 70% of the money stolen by impostors ultimately left the country, much of it ending up in the hands of criminal syndicates in China, Nigeria, Russia and elsewhere.
- "These groups are definitely backed by the state," Talcove tells Axios.
- Much of the rest of the money was stolen by street gangs domestically, who have made up a greater share of the fraudsters in recent months.
Think about this. We artificially shut down our entire economy and plunged countless families into chaos by crushing their livelihoods. If these experts are right – even if they're wildly off by several hundred billion dollars – we still shelled out hundreds of billions in YOUR MONEY to pay state-sponsored crime syndicates so they could buy weapons, drugs, slaves, and do all sorts of horrible things.
While your family and those around you were struggling, criminals raked in the cash. But at least Biden gave you that $1400 stimmie, right?
And I thought it was bad enough when California reported $31 billion in relief funds might have been stolen...