Friday, March 5, 2021

It Pays to be Behind Bars

For those of us on the outside of prison, we likely count our blessings that we are not donning an orange jumpsuit, following a strict daily schedule in our cells. The freedom to go to work, enjoy dinner in a restaurant or take a...

Compounding Problems

Compounding interest is every investor’s friend. Over time, interest is earned on the principal amount deposited, plus the accumulated interest from previous periods. (Before you know it, even a small amount of money invested at a consistent rate can turn into a fortune.) A...

Stealing from Children

The State of New York provides special education services to children of preschool age who have developmental disabilities. Once these children enter kindergarten, these services are usually provided by the public school system. Prior to that time, the state funds authorized contractors, who provide...

Cutting Corners

The cost of worker's compensation insurance varies widely according to industry and location, not to mention how long a business has been accident-free. The owner of a small business in New Jersey tried to cut costs ($600,000 to be exact) at his electronic recycling...

Bagel Bamboozlement?

What do disability claims and bagels have in common? They both have holes. At least that's potentially the case in today's Fraud of the Day from the NYDailyNews.com. And, the joke is pretty funny...unless you're thinking like a taxpayer. The...

No Love Lost

There's no love lost between the government and criminals who try to defraud its benefit programs. A woman who formerly ran a tax preparation business ironically called Compassionate Financial Service also lacked compassion for the victims she used to carry out an unemployment benefit...

Bookkeeper Found Guilty of Disability Fraud

If you are thinking about committing unemployment fraud in New Jersey, you may want to re-think your plans; the Garden State is taking the matter very seriously, as one Newark family found out in today's fraud from NJToday.net. A joint investigation between New Jersey's Division...

Couple Gambles on Judge’s Decision in Fraud Case

A New Jersey couple is rolling the dice on a court decision as to whether their bankruptcy status protects them from having to repay the federal nutrition benefits program that prosecutors say they defrauded. Mustafa and Rahime Ozturk, both in their 30s, were charged last...

Trail of Evidence

All fraudsters leave a trail of evidence when committing crimes, no matter how good they are at burying it. An article posted on NorthJersey.com tells the story of how tens of thousands of fraudulently submitted Medicaid claims led investigators to the mastermind of one...

Worker Bees

It doesn't matter how far down the food chain you are in a fraud scheme, if you get caught you're going to have to face the consequences. A couple in Elizabeth, New Jersey just realized how true this is after admitting to their roles...
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