THE WASHINGTON TIMES
Feds pay billions to fraudsters tied to China and Russia in COVID-19 schemes
Preventable foreign-fraud schemes netted $175 billion, much of it going to governments
U.S. and Chinese national flags are hung outside a hotel during the U.S. Presidential election event, organized by the U.S. Embassy in Beijing. (AP Photo/Andy Wong) ** FILE ** more >
By Stephen Dinan - The Washington Times - Monday, November 29, 2021
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.
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