Unemployment fraud costing Uncle Sam $3.3B, study shows
Monday, April 29, 2013 - 17:00
in Mathematics & Economics
Unemployment fraud is costing the government billions of dollars in paid benefits to people who are still working, no longer alive or are behind bars, according to a new report. A study by the St. Louis Federal Reserve released last week found that of the $108 billion paid out in unemployment benefits in 2011, some $3.3 billion was paid out dishonestly The largest share of the fraud payments—...