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An overpayment scam, also known as a refund scam, is a type of confidence trick designed to prey upon victims' good faith.In the most basic form, an overpayment scam consists of a scammer claiming, falsely, to have sent a victim an excess amount of money.
The United States government has successfully prosecuted and convicted a number of redemption scheme participants. The convictions include forgery, providing false information, passing fictitious financial instruments, defrauding the United States, counterfeiting, impeding administration, filing false tax returns, money laundering and wire fraud.
Recovery auditing is the systematic process of reviewing disbursement transactions and the related supporting data to identify and recover various forms of over payments and under-deductions to suppliers. In other words, it is the recovery of lost money.
The SSA sends overpayment notices to about one million Americans every year — and according to KFF Health News, the agency has admitted in the past that many overpayments were the result of ...
In Texas, for example, if you’re still collecting unemployment while you have an overpaid balance due, the Texas Workforce Commission (TWC) will collect the weekly UI benefits and apply them to ...
The Social Security overpayment scandal continues to take new twists and turns, with Social Security Administration officials taking heat in front of Congress last month, and the SSA now disclosing...
Scam letter posted within South Africa. An advance-fee scam is a form of fraud and is a common confidence trick.The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum.
Attorney Avram Sacks, a former employee of the Social Security Administration (SSA), has firsthand experience with the agency’s tendency to issue overpayments. Often, it boils down to simple errors.