AG Ferguson announced today Metropolitan Commercial Bank will pay $10 million to Washington state as part of his innovative fraud recovery program to return unemployment funds stolen during the COVID pandemic. This initiative has so far brought in more than $52 million from banks across the U.S. that accepted stolen unemployment funds. “More than four years ago, criminals targeted our state unemployment fund, and my office has not stopped working to recover what they stole. Washington has been a national leader on this effort. We were the first state to use forfeiture laws to recover stolen dollars that were frozen in accounts. Now we’re the first to resolve an investigation into a fintech company that the criminals used to move the money. There is still more work ahead.”- AG Ferguson

https://www.atg.wa.gov/news/news-releases/ag-ferguson-nets-10m-more-through-his-innovative-unemployment-fraud-recovery