State Unemployment Fraud Costs California $20 Billion

California has given away at least $20 billion to criminals in the form of fraudulent unemployment benefits, confirming a number smaller than originally feared but one that still accounts for more than 11 percent of all benefits paid since the start of the pandemic.

Prison Banker Fined $6 Million for ‘Unfair, Abusive’ Acts

The Consumer Financial Protection Bureau has ordered JPay, a Florida-based company owned by the private equity firm Platinum Equity Partners, and a leading prison banker, to pay $6 million for siphoning off taxpayer-funded benefits and forcing recently incarcerated individuals to pay hidden fees.