Uncle Sam’s Pocket Being Picked To Tune Of Billions

Uncle Sam’s dirty big secret wasn’t exposed by “Catch Me If You Can” thief Frank Abagnale as gov’t lawyers have known for years “welfare” fraud is 4K times easier today than 5 decades ago.

Still, former fraudster Mr. Abagnale painted an alarming picture of today’s state of affairs for Fox News when it comes to the US government’s kindness being taken advantage of, i.e., to the tune of “billions” of dollars; and not just welfare, but unemployment insurance, Medicaid, Medicare & other taxpayer subsidies: “Today, if I was caught I’d probably serve no time … I don’t think people are very concerned about ripping somebody off, getting caught, and actually having to serve time. So the reward is great, but there is very little threat of having to pay back … [for instance] … the problem with the unemployment insurance [Paycheck Protection Program] is that the government gave $860B to the 50 states but said they were not liable for any fraud that may occur. So the states had to go hire hundreds of people to disperse that money and they weren’t checking anything … [In other words] the government’s become a big target of criminals and just everyday people because they know that they can do it.”

Mr. Abagnale’s take rings true when I think back just 3 years ago when interviewing a former DOJ prosecutor who specialized in Medicaid & Medicare fraud that had gone ballistic, so much so that $5.6 BILLION in False Claims Act violations was recovered in 2021 alone. That is RECOVERED, NOT CLAIMED ILLICITLY. As my source told me, “it’s the tip of the ice berg.

Davd Soul