Tuesday, April 23, 2019

The One That Got Away

A report compiled by the U.S. Department of Education’s Office of Inspector General states that student aid fraud cost the federal government nearly $200 million between 2009 and 2012. Today’s fraud article states that student loan fraud is growing because of the increase in the number...

Nailed

The U.S. Department of Agriculture’s Food and Nutrition Service provides explicit instructions on what Supplemental Nutrition Assistance Program (SNAP) benefits can and cannot buy. The idea behind the government-funded program is to provide beneficiaries with money to purchase items including bread, cereal, fruit, vegetables, meats, fish, poultry,...

Beached

Sailors used the commerce-friendly trade winds and associated ocean currents to navigate their early sailing ships from European and African ports to the Americas, bringing goods to trade and sell. Today’s fraudster, who managed the Rockland, Maine-based Trade Winds Health, Swim and Tan Club, thought his...

No Matter How You Slice It

According to the 2018 Pizza Power Report, the U.S. pizza market is worth $45.1 billion, with about $18.5 billion in revenue coming from independent operators. (As you might guess, competition is steep between the 75,243 pizzerias located across the nation.) The report also mentions that in 2017,...

In the Cards

When something is said to be “in the cards,” it means that it’s very likely to happen. Two sisters from Opelika, Alabama, who owned multiple day care centers, thought it was “in the cards” for them to get rich from a child care fraud scheme they...

Say What?

Audiologists are healthcare professionals who help individuals with hearing and balance disorders. While a Central New York audiology practice may have helped its patients with these issues, they also committed healthcare fraud by defrauding several federal health insurance programs at the same time. Read on to find...

A Different Kind of Bank Robber

Not all bank robbers wear a black ski mask and enter through the front doors toting a firearm. Some operate smugly from within the walls of a financial institution, concealing that they are diligently transferring funds to bank accounts they manage. Today’s fraudster is a former...

Quick Study

While the Department of Education distributes around $150 billion in student financial aid on an annual basis, tens of millions of dollars go to fraudsters who apply for student aid using stolen identities. (To say that is a lot of money is an understatement.) A Danville,...

Living Arrangements

Supplemental Security Income (SSI), a program administered by the Social Security Administration (SSA), helps disabled Americans meet their basic financial needs. As you might expect there are many requirements that must be met in order to receive SSI benefits, one of which is living arrangements. An Effingham,...

Paranoia

Just the mention of “Internal Revenue Service (IRS)” or “taxes” in general is enough to cause paranoia in some individuals. Then, consider the fake robocalls that often trick consumers into paying money to the agency via credit card or wire transfer. (Just so you know, the...
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