Yet another big dollar government program being abused by fraud……Say it ain’t so!
According to a new report produced by the Government and Accountability Office (GAO), at least $1 billion in food stamp benefits are “trafficked annually,” meaning they are fraudulently used. The extent of the fraud is uncertain, the GAO warns, estimating the abuse of the program could be as high as $4.7 billion.
Government and Accountability Office
“For example, a store might give a person $50 in exchange for $100 in benefits – then pocket the difference.
The fraud, known as “retailer trafficking,” costs taxpayers at least $1 billion. However, the real cost could be “anywhere from $960 million to $4.7 billion, ”