Scammers, some overseas, have fleeced American workers out of more than $36 billion in emergency unemployment funds — a huge portion of the $900 billion that flooded into the economy as a result of the CARES coronavirus relief act passed in April.
CNBC reports that the supplemental federal unemployment program, passed as part of the CARES Act to give “gig workers” — those who work only part-time or rely on gig economy jobs with companies like Door Dash and Uber to pay the bills — access to hundreds of dollars in weekly unemployment benefits, ended up giving billions to scammers and fraudsters.
“The U.S. has pumped billions of dollars into the unemployment system since the spring — a magnet for criminals that’s led to surging theft and fraud attacks. This has contributed to at least $36 billion being taken from out-of-work Americans,” the outlet reported Monday.
“Most of the theft has focused on Pandemic Unemployment Assistance, a temporary program