NYC busts police/fire bilkers (1 Viewer)

Soonerman · Jan 8, 2014

Thumbs up to NYC. 1000 people suspected of $400M disability fraud.

http://www.nytimes.com/2014/01/08/nyregion/retired-new-york-officers-and-firefighters-charged-in-social-security-scheme.html?_r=0

massraider · Jan 8, 2014

Well, that's pretty major.

T Bell · Jan 8, 2014

massraider said:
Well, that's pretty major.

And it's still amazingly enough 1/70th of the scale of Bernard Madoff's fraud.

Sand · Jan 8, 2014

T Bell said:
massraider said:

Well, that's pretty major.

Click to expand...

And it's still amazingly enough 1/70th of the scale of Bernard Madoff's fraud.

About 1/3 of Madoff's stolen money was retrieved (though in all senses the sums there are staggering). I wonder how much of this 400mil we'll get back.

T Bell · Jan 8, 2014

Sand said:
T Bell said:

massraider said:

Well, that's pretty major.

Click to expand...

And it's still amazingly enough 1/70th of the scale of Bernard Madoff's fraud.

Click to expand...

About 1/3 of Madoff's stolen money was retrieved (though in all senses the sums there are staggering). I wonder how much of this 400mil we'll get back.

Actually, I was off by half. Madoff's was a $50B fraud, so this is about 1/140th of that, not 1/70th.

But yeah, I don't suppose that a lot of this is going to come back to the government.

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NYC busts police/fire bilkers (1 Viewer)

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