Tuesday, December 12, 2017

X-Rated Fraud

Greed can make a person do some shocking things. Today 's "Fraud of the Day" spotlight shines on an Arkansas man who operated a strip club and brothel out of his home while receiving Social Security disability benefits. The X-rated fraud scheme operated out of...

Endangering Lives

The government takes fraud very seriously, especially when it involves endangering the lives of American citizens. For more than six years, a Florida dermatologist operated a sophisticated scheme to steal $49 million from two government medical benefits programs – Medicare and Tricare. In the...

Faux “the Name. Fraud” the Game.

It 's ironic (or maybe it 's not) that today 's fraudster 's last name is "Faux." (As in fake.) True to her name, the woman faked her way through fraudulent Medicare claims, falsified patient records at her physical therapy practice and managed to...

Tax Refund Scam Costs Taxpayers Billions

If you are a regular reader of ''Fraud of the Day,'' you know that identity theft and tax refund fraud often go hand-in-hand. It's pretty straightforward? identity thieves steal law-abiding taxpayers' Social Security numbers and use them to file phony tax returns. And it's...

At Home with Fraud

To say that someone is "at home" with doing something means that they are comfortable with their actions. Today 's "Fraud of the Day" covers four New Orleans doctors and two others who worked for a home health care company. They were "at home"...

FISHing for Fraud

Sometimes it's better not to be number one. Being number one is usually associated with being a winner, but in today's ''Fraud of the Day,'' a Florida urologist who was deemed the number one referring physician in the country for a particular type of...

Government: Silo your data at your own risk

According to the Identity Theft Resource Center, so far there have been 1,120 data breaches in 2017 alone, compromising more than 171 million records. These records include names, birth dates, Social Security numbers (SSN), addresses, phone numbers and more – all the components needed to use a stolen identity to commit fraud. These records – and the corresponding identities – are now on sale all over the dark web. According to the 2017 LexisNexis Fraud Mitigation Study, criminals who commit fraud in one industry are likely to commit fraud in other industries, as well.

Can I Get a Lifeline?

Okay...you've heard of tax refund fraud, food stamp fraud and unemployment fraud, but what do you know about phone subsidy fraud? Put simply? it exists and if you're a wireless subscriber, you're paying for it; but now the Federal Communications Commission (FCC) is taking...

Truth is Stranger than Fiction

Real life can often be stranger than fiction as exemplified by an article posted on WKYC.com, which tells about a man who created multiple fictitious companies and non-existent employees in order to bilk unemployment insurance benefits from four different states. He and three co-conspirators...

Beauty is Only Skin Deep

The phrase, ''beauty is only skin deep,'' suggests that a person's character is more important than how they actually look. A woman who ran a cosmetology school in Fort Wayne, Indiana used her beauty school to hide an ugly $3 million student loan scam. The...
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