U.S. federal authorities arrested 74 people in 25 towns across Puerto Rico early on Wednesday in an operation aimed at combating the abuse of Social Security and disability benefits.
The federal investigation into the relationship between Democratic donor Dr. Salomon Melgen and Sen. Bob Menendez (D., N.J.) has exposed the rampant culture of Medicare and Medicaid fraud, which by some estimates cost taxpayers as much as $98 billion in fiscal year 2011.
A bipartisan group of congressmen in the House Oversight and Government Reform Committee is calling on President Barack Obama to appoint an inspector general to the State Department, which has lacked a permanent inspector general for five years.
A Korean American is being detained in South Korea for illegally transferring over $1 billion in Iranian money, according to Reuters. The money has been frozen in South Korea due to international sanctions.
Democrats attacked Republican efforts to trim the budget at a recent hearing despite bipartisan support for spending more money to fight tax fraud. The House Committee on Oversight and Government Reform’s Subcommittee on Government Organization held a hearing Thursday to discuss ways to fight tax fraud and identity theft.
The Tennessee comptroller has found that a Tennessee state investment program lacks safeguards, has failed to pursue money collection, and is at risk of fraud and abuse, the Chattanooga Times Free Press has reported.
The federal government is investigating over 1,900 cases of waste, fraud, and mismanagement of stimulus money, reports the Washington Guardian.
Charles Moreau, a Democrat who resigned Wednesday from his post of mayor of Central Falls, Rhode Island, is pleading guilty to federal fraud charges for having channeled city jobs to his friend and political contributor, Michael Bouthillette.