The estimate is based on data from the Secret Service, the Department of Labor and the Small Business Registry, Roy Dotson, the epidemiological fraud coordinator for the Investigative Service, said in an interview. The Secret Service did not include in the estimated value of the stolen funds amounts for which the Department of Justice has already initiated criminal proceedings.
While that represents only three percent of the $3,400 billion that was disbursed from the grant, it also indicates how tempting the massive financial envelope is for criminals.
Dotson said. Money taken illegally Most of them applied for unemployment benefits. According to the Department of Labor, about $87 billion could have been raised illegally, much of which may have been intentional fraud.
As a result of the investigation work of the Secret Service, $1.2 billion in funds wrongly taken as unemployment benefits and a support loan have been seized, and more than $2.3 billion has been recovered by working effectively with various financial partners and member states to repay the error brought out Friday. The department is still conducting more than 900 investigations into epidemic subsidies. Such cases exist in every US state, and about a hundred people have so far been arrested for related crimes.
The Federal Department of Justice said last week that its fraud division has sued more than 150 people in 95 cases and has already seized $75 million from fraudsters, valuable real estate and movables purchased with stolen money.
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