We’re living in a golden age for financial crimes and it’s a good time to be a bad actor. Among the many potentials for crime is stimulus fraud – such as what occurred last year with the major stimulus packages passed in response to the pandemic. In 2020 alone, fraudsters siphoned off $36 billion meant for unemployed Americans, and Californian authorities are investigating the possibility that nearly $11 billion was stolen by criminals making fraudulent claims. While unemployment fraud happens elsewhere in the world as well, the sheer scale of the U.S.’s reactive social stimulus structure is a perfect storm for theft.

https://www.finextra.com/blogposting/20328/where-the-covid-19-stimulus-fraud-risks-are--and-how-to-stop-them