US -Culture of fraudlant theives

Archer0915 · Dec 15, 2011

Well I thought this could get its own thread.

The U.S. False Claims Act (FCA) enacted in March 1863 to battle abuses of federal contractors during the Civil War is a primary weapon aimed at helping stem the tide of false claims by government vendors. In 2010 alone, the U.S. government recovered more than $3.1 billion from organizations and individuals that prosecutors say had filed false claims for services or products.

In one recent case, the U.S. Department of Justice took action against an educational organization for falsely filing student recruitment information to obtain federal student aid. The top cases, however, have primarily involved allegations against pharmaceutical or health-care companies for billings made to Medicare and Medicaid. A published report says 80 percent of the fraud is in the health-care sector, though defense, education, transportation and oil and gas are also targets. Nearly 10 percent of the annual U.S. budget, by some estimates, finds its way into the hands of individuals and companies through such fraud.
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http://www.fraud-magazine.com/article.aspx?id=4294970420

And also (business not GVT):

Kessler and Frishman checked ownership records, and they discovered that the manager had interests in several vendors with friends and relatives and was overpaying for materials her employer bought from them. The scheme already had cost the company $2.5 million. But most of it had occurred after other employees had called in the tips that, if connected and investigated together, would have limited the company's losses to $500,000.
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http://www.fraud-magazine.com/article.aspx?id=4294970388&terms=mining for hotline gold

Yes I read this stuff. My wife is a Fraud Examiner and I get forced to read these things because she leaves them on top on my Maximum PC mags in the bathroom.

I know many times I sound like I am just making a rant about the sorryness of people but I have to hear it all the time. It rubs off.

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US -Culture of fraudlant theives

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