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Wealthy Couple who live in 1.2 Million Dollar House

A wealthy chiropractor who has been in practice for more than 20 years and his wife were living in a $1.2million waterfront home while claiming almost $2,000-a-month welfare benefits and even food stamps, according to documents.

A civil lawsuit has been filed against David Silverstein and Lyudmila Shimonova, from Seattle, who are accused of making false claims which included more than $1,200 in public housing vouchers, plus state and government disability cheques and even food stamps.Prosecutors are demanding they pay back more than $135,000 in federal housing assistance since 2003 and are seeking tens of thousands of dollars in fines.It is thought the couple have spent some of the money they claimed over the last eight years flying to Moscow, Paris, Israel, Turkey, Mexico and the Dominican Republic.

All the while, federal authorities say, the couple was collecting more than $100,000 in welfare.


Fraud, Waste, and Abuse in the Public Sector

The United States Government Accountability Office (GOA) estimates $125.4 billion in improper payments.

In Australia fraud is the most expensive crime category estimated to be $5,880 m

The UK National Fraud Authority (NFA) estimates the public sector fraud at £38.4b

Fraud prevention / detection important in government spending

½ Trillion

Dollar Fraud

Challenge!

Fraud Waste and Abuse costs government billions of Dollars per annum


Fraud Management Challenges

Large data volumes

Disparate systems

Information in Different Agencies Poor fraud detection & investigation efficiency High public visibility Ever changing fraud schemes Poor integration of fraud management applications

with transactional systems


Fraud Management in State and Local Government

Tax Returns Social Service Applications

TANF, EBT, Childcare, Work Programs, Medicaid, Medicare

Workers Compensation and Unemployment Insurance

Underground Economy Fraud

tx cio academy 16 presentation - finding a financial lifesaver – disruptive models for innovation...

Government & Nonprofit