'The Five' react to reports that $400 billion in COVID relief was reportedly stolen by Chinese, Russian mobs

The panel on “The Five” placed blame on both Presidents Joe Biden and Donald Trump after a new report claimed nearly half of the federal government's taxpayer-funded unemployment benefits.

Later, co-host Greg Gutfeld noted that a Biden appointee tapped to lead the federal bureau that assists in the processing of unemployment claims previously saw nearly $600 million get stolen by a Nigerian fraud cartel while serving in a similar role in Washington state. "This is an absolute travesty [and] a breach of the public trust," fellow co-host Dana Perino said in response to the theft. She said that a friend in New Jersey is one of untold numbers of Americans who have yet to receive even an initial unemployment payment since the pandemic started – while criminal organizations easily bilk the United States government and by extension taxpayers out of millions.