Food Stamp Fraud Gets 30 People Arrested, More Could Be Coming! [PICS]

Fraud Exists People!

1025 KSFM

30 people have been arrested in a huge case of food stamp fraud and cops say that more arrests could be coming! See what they got busted doing with their EBT cards…

Inquisitr.com reports that the arrests “are a result of a yearlong investigation” into a store in New York where people were using their food stamp cards in a way that was “against the law.” The man who owned the store was also arrested in connection with the fraud.

The article says that the store allowed people to buy alcohol (and other items that are not allowed to be bought with food stamps) and they got cash for their food stamps!

The people were reportedly charged with “second degree criminal use of a public benefit card, petit [sic] larceny, and misuse of food stamps.” While they received an “appearance ticket” to appear in court, almost all of them were released (except…

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What internal control weakness at Netflix allowed its former VP of IT operations to allegedly receive kickbacks from technology firms?

Accounting in the Headlines

Netflix logo Image source: Wikimedia.org

In November 24, 2014, Netflix filed a lawsuit against its former vice president of IT operations, Mike Kail, alleging fraud, breach of fiduciary duties, and other charges.  Here is an excerpt from the lawsuit filing in  Superior Court of the State of California, Santa Clara County:.

“…During his tenure at Netflix, including as Netflix’s Vice President of Information Technology Operations, Kail was a trusted senior-level Netflix employee.  Kail’s job responsibilities at Netflix included negotiating and executing contracts on behalf of Netflix to acquire IT-related products and services…approving invoices for payments that third parties would request related to IT products and services purchased by Netflix….after Kail approved such invoices, Netflix would pay the third parties for these approved invoices. Kail was a trusted, senior-level Netflix employee, with authority to enter into appropriate contracts and approve appropriate invoices.” (See entire legal document at http://www.scribd.com/doc/248259590/Netflix-v-Kail.)

Netflix is suing Mr…

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Visa, MasterCard Working On Security Improvements To Make Data Breaches Suck Less

Consumerist

frankieleon (frankieleon)

The data breaches, major and minor, that we’ve seen over the past few years aren’t going anywhere. Payment system and database hacks are, for now, basically inevitable. And that’s why Visa and MasterCard have both announced plans to expand their security features for online shopping.

The Wall Street Journal reports that the two largest credit card companies have this week both announced new initiatives launching this spring to protect shoppers (and merchants) from fraud and theft.

MasterCard frames their two-pronged approach as increasing “peace of mind.” One element is a program called MasterCard Safety Net. The company claims vaguely that Safety Net “provides an independent layer of security on top of the tools and policies of financial institutions, by monitoring and blocking specific transactions based on selected criteria.”

If that sounds like it might be inconvenient and/or creepy, MasterCard has apparently guessed that you feel that…

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