Calif.: Criminals Raided Unemployment Funds to Tune of $11.4B

From March of last year to the middle of January, California paid out some $114 billion in unemployment benefits. Now, the state’s labor secretary, Julie Su, has some alarming news on about $11.4 billion, or 10%, of that figure—those payments were fraudulent, stolen by hackers, identity thieves, and…

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HEDGE accordingly