A20 EZ RE THEWASHINGTONPOST.TUESDAY,MAY 17 , 2022
THE MARKETS6 Monitoryour investmentsat washingtonpost.com/markets Data and graphicsby
GGaaiiinneerrssaannddLLoosseerrssffrroommtthheeSS&&PP 11550000 IInnddeexx
CCoommppaannyy CClloossee11 DD%%
CChhgg
GriffonCorp 30.13 23.
ManTechIntl /VA 94.29 15.
DXP Enterprises/TX28.38 9.
ANI Pharmaceuticals 28.77 8.
CovetrusInc 16.50 8.
Oil StatesIntl 7.29 7.
KyndrylHoldingsInc 12.18 7.
KAR AuctionServices 14.50 6.
CoreCivicInc 11.33 6.
RPC Inc 9.74 6.
DMC GlobalInc 22.99 6.
HeskaCorp 93.32 5.
OccidentalPetroleum 67.72 5.
Helmerich&Payne 47.48 5.
AMN Hlth Services89.49 5.
ArtivionInc 17.24 5.
LiquidityServices 13.55 5.
BlackbaudInc 57.06 5.
CalavoGrowersInc32.73 4.
ZimvieInc 23.77 4.CCoommppaannyy CClloossee
11 DD%%
CChhgg
WW InternationalInc 7.40 -9.
DieboldNixdorfInc 3.22 -9.
ApolloMedicalInc 33.41 -8.
NeoGenomicsInc 8.91 -8.
TwitterInc 37.39 -8.
WinnebagoIndustries 50.10 -8.
MedifastInc 165.28 -7.
Dine BrandsGlobal 69.91 -7.
SelectquoteInc 2.87 -7.
Saia Inc 199.47 -7.
SignatureBank/NYNY 186.93 -7.
Thor IndustriesInc 76.26 -7.
GXO LogisticsInc 53.06 -6.
GameStopCorp 91.80 -6.
GlatfelterCorp 7.79 -6.
SiTimeCorp 184.75 -6.
eHealthInc 11.22 -6.
Light &Wonder Inc 48.24 -6.
TactileSys Tech 10.66 -6.
Calix Inc 33.62 -6.LIBOR3-Month
11 .. 4444 %%New Car Loan Natl
44 .. 4422CClloossee
11, 666622 .. 799
DOWJONES
MJJASONDJFMAM3,4,4,
'66 - -mmoonntthhbbiiillll
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11 .. 4466 %%Japan ¥
12299 .. 0099MMaarrkkeettss YYYTTTDD%%CChhgg
AAmmeerriiccaass CClloossee
DDaaiillyy
%%CChhgg
- 55 .. 11 %%% ++ 55 .. 11 %%%
BRAZILIBOVESPAINDEX 108232.74 1.
S&P/TSXCOMPOSITEINDEX 20206.41 0.
S&P/BMVIPC 50563.98 2.
- 55 .. 11 %%% ++ 55 .. 11 %%%
55 - -yyrrnnoottee
YYieelldd:
22 .. 8822 %%$1000investedover 1Year
30-Yr Fixed mtge
55 .. 3399 %%CCuurrrreennccyyEExxcchhaannggee
' 21
CClloossee
4, 000088 .. 0011
5Yr CD Natl
11 .. 004EU €
00 .. 9966CCoonnssuummeerrRRaatteess
Note: Bank primeis from 10 majorbanks.FederalFundsrate is the market
rate, whichcan vary from the federaltargetrate. LIBORis the London
InterbankOfferedRate. Consumerrates are from Bankrate. All figuresas of
4:30 p.m. New York time.Canada$
1 .. 2299Mexico$
2200 .. 0033MJJASONDJFMAM
31,
34,
36,
'22 - -yyrnnoottee
YYiiieelldd:::
22 .. 557 %%Britain£
00 .. 8811MoneyMarketNatl
00 .. 0088MJJASONDJFMAM
1 1,
1 3,
1 7,
'11 DD%%CChhaannggee
00 .. 11 %%%11 DD%%CChhaannggee
- 11 .. 22 %%
1Yr CD Natl
00 .. 7700Bank Prime
44 .. 0000 %%Data and graphicsby:
6Mo CD Natl
00 .. 334411 DD%%CChhaannggee
- 00 .. 44 %%
YYYTTTDD%%CChhaannggee
- 1155 .. 99 %%
SS&&PP 550000 IInndduussttrryyGGrroouuppSSnnaappsshhoott
IInndduussttryyGGroouupp
DDaaiiillyy%%
CChhgg
- 5588 .. 55 %% CChhgg%% 1 YYr + 5588 .. 55 %%
EnergyEquipment&Svcs 33 .. 33
Oil, Gas, ConsumableFuel 22 .. 66
DiversifiedTelecomm 11 .. 99
Pharmaceuticals 1 .. 4
Tobacco 11 .. 44
Automobiles -- 55 .. 55
ConstructionMaterials -- 33 .. 88
Auto Components -- 22 .. 99
PersonalProducts -- 22 .. 1
Internet&CatalogRetail -- 22 .. 11INTERNATIONALSTOCKMARKETS
1100 - -yyrrnnoottee
YYiiieelldd:::
22 .. 8888 %%AAssiiaaPPaacciiffiicc -- 2200 %% ++ 2200 %%
S&P/ASX200 INDEX 7093.03 0.
CSI 300 INDEX 3956.54 -0.
HANGSENGINDEX 19950.21 0.
NIKKEI 225 26547.05 0.COMMODITIES
15-Yr Fixed mtge
44 .. 7722 %%FederalFunds
11 .. 0000 %%YYYTTTDD%%CChhaannggee
- 2255 .. 55 %%
CClloossee
3322 ,, 222233 .. 4422
RATES
YYYTTTDD%%CChhaannggee
- 1111 .. 33 %%
BBlloooommbbeerrgg
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((TTiiicckkeerr)) 11 DD%%CChhgg
$$ 776633 $$ 22550044
Coffee(COFF.L) 5.
Copper(COPA.L) 1.
Corn (CORN.L) 2.
Cotton(COTN.L) 3.
CrudeOil (CRUD.L) 1.
Gasoline(UGAS.L) 2.
Gold (BULL.L) 0.
NaturalGas (NGAS.L) 4.
Silver(SLVR.L) 2.
STANDARD&POOR'S
Fuuttuureess CClloossee 1 DD%%CChhgg
Copper 4.19 0.
CrudeOil 114.20 3.
Gold 1814.00 0.
NaturalGas 7.96 3.
OrangeJuice 1.76 5.
FFuuttuureess CClloossee 11 DD%%CChhgg
Silver 21.55 2.
Sugar 19.68 2.
Soybean 16.57 0.
Wheat 12.48 5.
Corn 8.10 3.EEuurrooppee -- 1122 .. 33 %% ++ 1122 .. 33 %%
STXE 600 (EUR)Pr 433.67 0.
CAC 40 INDEX 6347.77 -0.
DAX INDEX 13964.38 -0.
FTSE 100 INDEX 7464.80 0.1-Yr ARM
33 .. 1188 %%HomeEquityLoan Natl
66 .. 8844DoowwJJoonneess 3300 IInndduussttriaallss
CCoommppaannyy CClloossee^11 DDCChh%%gg CChhYYYggTTT%%DD
3M Co 150.50 0.8 -15.
AmerExpCo 156.43 -1.5 -4.
AmgenInc 243.87 0.2 8.
AppleInc 145.54 -1.1 -18.
Boeing 124.05 -2.5 -38.
Caterpillr 207.19 1.4 0.
Chevron 173.01 3.1 47.
Cisco Sys 49.00 -1.1 -22.
Coca-Cola 65.96 0.4 11.
Dow Inc 67.98 0.6 19.
GldmanSchs 303.44 -1.2 -20.
HnywllInt 193.96 0.2 -7.
HomeDepot 295.99 0.0 -28.
IBM 135.03 1.1 1.
Intel Corp 43.08 -1.2 -16.
CCoommppaannyy CClloossee^1 DDCChh%%ggCChhYYYggTTT%%DD
J&J 178.08 0.7 4.
JPMorgan 118.26 -0.7 -25.
McDonald's 244.04 -0.4 -9.
Merck&Co92.32 2.1 20.
Microsoft 261.50 0.1 -22.
NIKE Inc 112.60 -0.4 -32.
Prcter&Gmbl 155.12 1.0 -5.
Salesforce 164.12 -1.7 -35.
Travelers Cos I174.50 1.0 11.
UntdHlthGr 489.22 0.8 -2.
VerznComm 49.04 1.8 -5.
Visa Inc 197.81 -0.7 -8.
Walgreens 44.15 1.4 -15.
Walmart 148.21 0.1 2.
Walt Disney 105.18 -2.0 -32.BrazilR$
55 .. 0066$1000investedover 1Month
NASDAQCOMPOSITEINDEXriskofnotbeingdetectedand
improperpayments stoppedat
the earliest opportunity,” she
saidatthetime.
Ultimately,theWhiteHouse
intervened:Sperling,whoover-
seesstimulusspending,helped
secureaccesstothedataand
conditionedsomefuturefederal
fundingonitscontinuedavail-
ability. That openedthedoorfor
federal officialstoaugmenttheir
efforts to scan unemployment
claimsfor fraud, thesources
said.
TheBidenadministrationhas
sincetraineditssightsonup-
gradingthecountry’sunemploy-
mentsystem—improving the
technologythatallowsstates to
verifyclaimsinthefirstplace.
Tech teamsoverseenbyEver-
more, atopofficial at theLabor
Department,havepluggedinto
states includingArizona,Michi-
gan, Pennsylvania,Washington
andVirginia,backedbya$2bil-
lioninitiative.
TheWhite House alsohas
exploredapotential newexecu-
tiveorder that aimsto improve
thegovernment’s abilitytocom-
batidentitytheft and protect
federal fundsfrommisuse. The
presidentcommissionedatask
force to reviewthe issuelastyear
amidawave ofreportsabout
pandemic-relatedfraud in un-
employment and otherpro-
grams,saidSperling,addingthe
administrationhad“takensteps
to addresstheharmto thosewho
have alreadybeenvictims.”
Thescramble inWashington
maybetoolate forthoseAmeri-
canswhoscrounged foraidwhile
criminalsfeastedon generous
federal benefits.But lawmakers,
laboradvocates,techexperts and
lawenforcement officialsagreed
thatthegovernmentstillneeds
to actswiftly,andaggressively,to
stemthetideof afraudthathas
left fewuntouchedinits wake.
“Theabilitytoengageiniden-
titytheft hasgrownexponential-
lyand thefederalgovernment
has not kept up,”warned Michael
Horowitz,theinspectorgeneral
fortheJusticeDepartmentand
leaderof thePandemicResponse
AccountabilityCommittee,
whichcoordinatesoversightof
thecountry’smorethan$5tril-
lioninspending.
Horowitzsaidtheunfortunate
reality is thatAmericans“don’t
realizesometimes”therealvic-
timofsuchimmensefraudtar-
geting the government in the
firstplace: “It’stheindividual.”engagedin similarfraudtarget-
ingthe governmentfor years,
datingback to 2017,whenhe
targetedreliefprogramsforhur-
ricanevictims.
InlateMarch,in Boston, a
30-year-oldmanpleadedguilty
tostealing identitiestoobtain
about$150,0 00 unemployment
benefits in Massachusetts and
otherstates.Themanfiledsome
of the applications from the
samecomputer,accordingto the
unsealedcomplaint,eventually
drawinginvestigators’interest.
Andafederal courtinFebru-
arysentencedaformeremployee
atCalifornia’sown unemploy-
ment agencytofiveyears in
prison, aftershewasconvictedof
stealing$4.3millionin benefits.
Shefiled theflurry of claims
usingSocial Securitynumbers
culledfromherpastworkasa
taxpreparer,prosecutorssaid.
Despitethe recent array of
cases,theworktobringthese
fraudsterstojusticehasn’t al-
ways been easy.Behind the
scenes, abattleragedat theend
of theTrumpadministrationinto
thefirstyearof Biden’stermover
accessto theverydatathatmight
havehelpedthefederal govern-
mentcatchmorecriminalssoon-
er.
Thetrouble stemmedfroma
disputebetweentheLaborDe-
partmentanditsownwatchdog.
Essentially,the Labor Depart-
menthaderectedbarriers mak-
ingit hardfor states to turnover
trovesofinformationaboutun-
employmentclaimssothatfed-
eralofficials,includingthein-
spectorgeneral, couldreviewthe
dataforfraud.Thatforcedthe
inspectorgeneral toseeksepa-
ratesubpoenasinall54states
andterritorieseverytimeit had
hoped to querylocalrecords,
delayingitsworkconsiderably,
accordingto three peoplefamil-
iarwiththe matter,whospokeon
theconditionofanonymityto
describethedispute.
Thedisputesaddlednotonly
theinspectorgeneralbut alsothe
JusticeDepartment,whichrelies
on thewatchdogfor criminal
leads,according to an agency
officialwhospokeonthecondi-
tionofanonymity to describethe
privatediscussions.BylastJune,
the stalemate bubbled to the
surface,prompting Carolyn R.
Hantz, the assistant inspector
general foraudit,toissueastark
warning.
“Billionsofdollarsinpoten-
tiallyfraudulentclaimsareatthatcountedtheroughly$3, 700
in fraudulentbenefits as herown
income—potentiallysubjecting
hertotaxesforaidshenever
actually received.She saidittook
roughlyayearforherjusttoget
Floridatoreviewhercasefile
formally,which came several
weeksafterThePostinquired
aboutYearby’s case.Sheisstill
awaitingreviseddocumentsthat
wouldallowherto file hertaxes
properly.
“I don’t wantthishanging
overmyhead,”Yearbysaidin an
interview. “I triedto resolvethis
issue.Itriedtogivethemthe
necessarytoolsinorder forthem
to resolveit.”
AspokeswomanforFlorida’s
unemploymentagencydeclined
toprovidedetailsonaspecific
case.Butshesaid lastmonth that
thestateiscommunicatingwith
Yearby and otherwisehas
stopped$23billionin fraudulent
unemploymentclaims.
ID.meisnowunderaseparate
investigationonCapitol Hill,
where federallawmakersin
April demandedthe company
turnoverdetailedrecordsabout
itscontracts withstate andfed-
eral agencies,includingtheIRS.
CongressionalDemocratsraised
“seriousconcerns” about theac-
curacy of thefirm’s facialrecog-
nitiontechnology, arguingthat
themistakes nationwidethreat-
entodenymuch-neededfinan-
cialsupport to Americans in
greatestneed.
Blake Hall, thechiefexecutive
of ID.me,respondedmorebroad-
ly,pointingoutthe“underfund-
ed”nature of unemployment
agencies acrossthecountry.
“A saresult,theyenteredinto a
perfectstorm—facinghistoric
demandandfraud—woefully
unpreparedto providetheneed-
edlevelsofaccessandsecurity,”
hesaidinastatement.‘The federalgovernment
has not kept up’
In the meantime, the U.S.
government faces another
dauntingtask—tryingtorecov-
er whatithas lost.
Inearly May, a45-year old
manfromLekki, Nigeria, plead-
edguilty to usingstolenidenti-
tiestoobtainhundredsof thou-
sands of dollars in pandemic
benefits,including amassive,
18-state scheme thatsiphoned
morethan$350,000fromWash-
ingtonstate. HeadmittedhehadFRAUD FROM AFraud inflicts harm on the unwittingAskabout
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