$2 billion fraudulent Bank of America EDD debit cards

Excessive Number of New EDD Claims Points to Probable Rise of Fraudulent Cases

January 22, 2021 5:57 pmJanuary 22, 2021 5:59 pm

The Employment Development Department Friday reported a large increase in the number of Pandemic Unemployment Assistance claims in the previous week from independent contractors and self-employed individuals, suggesting that fraudulent claims are still being attempted en masse. According to the...

California Lost $2 Billion From Fraudulent EDD Unemployment Cards Since March

December 8, 2020 9:39 pm

On Monday, Bank of America, the bank selected by the Employment Development Department (EDD) to be behind their unemployment benefit debit cards, announced that fraudulent cases could be as much as $2 billion. The EDD estimate of the fraudulent cases,...