Monday, February 18, 2019

Report: Food stamp fraud could be costing taxpayers $4.7 billion... PER YEAR - COSAction

Report: Food stamp fraud could be costing taxpayers $4.7 billion... PER YEAR - COSAction
"Those who claim the federal government can't balance its budget should take a look at stories like these.
Image result for Food stamp fraudAccording to a new report, the federal food stamp program may be defrauding taxpayers as much as $4.7 billion every year.
Watchdog.org reports:
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.
About 20 million lower-income households receive benefits from the $64 billion Supplemental Nutrition Assistance Program (SNAP), also known as food stamps, to buy food.
But GAO found that instead of being used for food, many stores are defrauding the program by "selling" cash instead of food..."
Read on.

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