Fraud in the News
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NICK M. DO AND BLACKRED/
ISTOCKPHOTO |
Took only 30 years to discoverMarie Jost of Wisconsin has been missing for 30 years, but her Social Security benefits have continued rolling out. Her son, daughter and daughter's husband face theft and fraud charges after allegedly stealing $175,000 of Jost's benefit checks.
Investigators likened Jost's house, where the three have been living, to an episode of the TV show "Hoarders," and the son-in-law pulled a knife on them during another visit, according to "Social Security Fraud: Family Accused of Cashing Social Security Checks Of Marie Jost, Missing Since 1982," by Ron Dicker in the Sept. 26 issue of The Huffington Post. A few more drops in the bucket
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| GYI NSEA/ISTOCKPHOTO |
More of Bernie Madoff's victims will get restitution with the release of $2.48 billion.
"Checks ranging from $1,784 to $526.9 million were mailed Wednesday to 1,230 former customers of Bernard L. Madoff Investment Securities, according to Irving Picard, the trustee liquidating the firm," wrote reporter Jonathan Stempel in the Sept. 20, article in The Washington Post, "$2.5 billion sent to victims of Madoff's fund."
This is the largest payout since Madoff's fraud came to light in 2008.
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