International Scammers Targeted Covid Relief Programs and Stole Billions of Dollars
Many Covid relief programs have been subject to fraud by scammers, but a whole slew of international scam artists have taken advantage of the enhanced unemployment benefits offered up to those affected by the pandemic. Russian scammers, Chinese hackers, and Nigerian scammers have used stolen identities easily accessed from data breaches and relaxed verification requirements to make bogus claims for Covid aid. Aging state unemployment systems also contributed to the problem. The scams are so widespread, we don't really know how much money has been stolen, but it is believed to be in the hundreds of billions of dollars. Kit Ramgopal, reporter with the investigative unit at NBC News, joins us for how they did it.
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