During a recent government meeting, officials discussed the significant financial losses attributed to fraud during the pandemic, highlighting the challenges faced due to fewer safeguards in place at that time. The budget for pandemic-related assistance was notably larger, but the lack of protective measures resulted in a higher incidence of fraud compared to other nations.

One key point raised was the transnational nature of much of this fraud. It was noted that approximately half of the fraudulent claims related to pandemic unemployment assistance were believed to have been perpetrated by actors from foreign nations. While specific figures remain elusive, the implications of these findings underscore the need for enhanced security measures in future financial assistance programs to prevent similar occurrences. Further insights on the matter were expected from Mr. Horowitz, who may provide additional context on the extent and impact of this fraud.