SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : A Real American President: Donald Trump
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Honey_Bee who wrote (319537)11/29/2021 12:01:57 PM
From: locogringo5 Recommendations

Recommended By
D.Austin
FJB
goldworldnet
Honey_Bee
Woody_Nickels

  Read Replies (4) of 454488
 
How STUPID are they in DC and our States? I'm so glad that you asked.

Feds pay billions to fraudsters tied to
China and Russia in COVID-19 schemes

Washington Times, by Stephen Dinan

Original Article

As the coronavirus pandemic raged, Uncle Sam was doing more than putting money in unemployed Americans’ pockets—the federal government was also shipping tens of billions of dollars overseas to fraudsters working with the country’s most prominent adversaries, such as China and Russia. Haywood Talcove, CEO for LexisNexis Risk Solutions’ government division, says 40% of the more than $700 billion spent on unemployment went to fraudsters. Most of that ill-gotten money—$175 billion of it—went to overseas actors. And most of that, perhaps $140 billion, went to organizations that are state-sponsored.

<snip>

He said the money lost to fraud could have provided $160,000 to each individual in the country below the poverty line. Or it could have paid a Harvard University-level tuition for four years for every 18-year-old in the country.

Instead, it ended up in the hands of criminals, from low-level grifters to sophisticated government-backed syndicates.

<much more that will make your wretch at link>
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News