Criminals may have fraudulently claimed about $2 billion from California’s unemployment and pandemic stimulus funds, according to
The lender, which manages California’s debit-card program for unemployment payments, said its estimate was based on the roughly 345,000 accounts it was asked to freeze by the state’s Employment Development Department in September. The figure was included in the bank’s response Monday to a Nov. 24 letter from state lawmakers to Chief Executive Officer
Bank of America acknowledged that fraud-detection ...