Secret Service uncovers overseas fraud ring stealing millions in U.S. unemployment benefits

Secret Service uncovers overseas fraud ring stealing millions in U.S. unemployment benefits
U.S. Treasury illustration/LU staff

[Ed. – You might think it’s The Onion when you hear this: it’s a Nigerian fraud ring.  Must be all those princes and esquires constantly pestering Americans in our junk mail queues to deposit funds with us.]

The Secret Service has detected a large-scale foreign attack on the U.S. unemployment system that is processing record numbers of jobless claims amid the pandemic, according to The New York Times.

In a Secret Service memo obtained by the Times, the agency described the attack as a well-organized Nigerian fraud ring that could lead to “potential losses in the hundreds of millions of dollars.” …

The attackers are reportedly using previously obtained Social Security numbers and other personal information to claim unemployment benefits.

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