(InvestigateTV) - The global spread of a novel coronavirus in early 2020 shut down businesses across the country, leaving millions of Americans out of work.
People were left searching for answers.
“The most embarrassing thing is to tell your kid, I don’t know what we’re going to eat,” one Metro Nashville man told InvestigateTV’s affiliate WSMV in 2020.
The federal government acted quickly and passed the CARES Act —a $2.2 trillion dollar stimulus bill with hundreds of billions of dollars in unemployment aid — in the late Spring of that year. But with that aid came scores of scammers who, according to the September 2022 semi-annual report to congress by the Department of Labor’s Inspector General, made off with tens of billions of dollars in potentially fraudulent claims. The Identity Theft Resource Center, a nonprofit organization, has tracked the number of unemployment claimants victimized by CARES Act fraud. Chief Operating Officer, James E. Lee, testified before the U.S. Senate Committee on Commerce, Science & Transportation as part of the committee’s hearing on enhancing data security on October 6, 2021.
During his testimony, Lee spoke candidly about ITRC’s findings and the effect fraud had on victims who were searching for unemployment aid.
“For the victims who were denied benefits, these cybercriminals got the money first,” Lee told the committee. “Our research shows, as the chair notes, 40% were unable to pay their bills, 14% were evicted. 33% could not pay for...
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