Monday, June 24, 2019

In Hot Water

Hot tubs are great for anyone with sore muscles or chronic pain. According to a Department of Justice press release, the person at the center of today's ''Fraud of the Day'' spent up to 15 hours a day in a hot tub due to...

Inside Job

Fraudsters often try to fly under the radar so that their illegal acts can go undetected. This often requires some help from the inside where fraudsters abuse their positions of power to steal from others. The Atlanta Journal Constitution details how two former bank...

Bad Apple in the Big Apple

As reported in the New York Daily News, today's tale is of a New Yorker who admitted to a long-term fraud against the Social Security Administration (SSA) over disability benefits. The New Yorker retired because of a shoulder injury after a 12-year career, but then...

Balancing the Scales

It's no fun to be dizzy—whether the condition is caused by a virus, standing up too quickly or amusement park rides—dizziness causes nausea and no one likes to feel sick and unbalanced. An article in the Houston Chronicle tells about a doctor who used...

Serious as a Heart Attack

Just as a massive heart attack can cause extensive damage to the heart, a massive fraud attack can also deliver a significant amount of damage. Tax fraud schemes, which are organized by opportunistic criminals, cause large amounts of federal money to be wrongfully disbursed....

Strike ‘Em Out!

Let's take a break from our daily examples of Fraud and Punishment to highlight the ''largest takedown ever'' by the Medicare Fraud Strike Force. CNBC.com picked up the story after the Department of Justice issued a news release about the nationwide sweep that led...

Smoke and Mirrors

Magicians have been known to use ''smoke and mirrors'' to create a distraction that leads their audience to believe magic has occurred. Fraudsters often use money laundering to create a similar effect by moving illegal proceeds between shell companies, which appear to be legitimate....

Something Old, Something New, Something Borrowed…or Embezzled?

Marrying a person so that they can remain in the United States is not only a federal crime, it's also an extremely complicated scam to pull off. Someone attempting this probably wouldn't want to test their chances, by committing, say, additional frauds. (No happy...

Government Gets Real with Refund Fraudster

Here's a clear message from the U.S. government to would-be thieves that exploiting honest, taxpaying Americans to drain the U.S. Treasury of their income tax refund money will not be tolerated. A news release published by the U.S. Department of Justice announced that a...

Insider Trading

Among fraudsters, the most dangerous perpetrators are those who have a professional familiarity with the system they are trying to defraud. The latest example of those who see fraud as just business as usual comes to us via a press release from the U.S....
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