DENVER (CBS4) — The state has confirmed it has paid out more than $19 million in fraudulent unemployment claims since the beginning of the COVID-19 pandemic. The Colorado Department of Labor and Employment provided the update during a news conference we streamed live on CBSN Denver Friday morning.
Earlier this week, the state unemployment administrators said they estimated fraudsters got away with as much as $30 million since the pandemic began.READ MORE: Fidelity Creates Youth Account For Teens To Invest, Trade Stocks
The state says while it lost the $19 million, it estimates it has prevented another $37 billion from getting into the hands of fraudsters.READ MORE: Massachusetts House, Senate Leaders Want Full List Of Baker's Emergency Orders
They are currently investigating more than one million suspicious claims.MORE NEWS: UMass Professor Charged With Drunk Driving After Hitting Baby Stroller With Car
The CDLE says it is implementing new strategies every day to prevent any more fraud from happening.