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Thread: Feds Bust Up $100 Million NC Crop Insurance Fraud Ring

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    Feds Bust Up $100 Million NC Crop Insurance Fraud Ring

    Feds Bust Up $100 Million NC Crop Insurance Fraud Ring - WSPA-TV

    Federal authorities in North Carolina have unraveled a massive criminal conspiracy they say defrauded $100 million from the government-backed program that insures farmers against crop losses.

    .......

    The ring filed false insurance claims for weather-related loses of tobacco, soybeans, wheat and corn. Often, the crops weren't damaged at all, with farmers later selling their written-off harvests under false aliases.

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    Re: Feds Bust Up $100 Million NC Crop Insurance Fraud Ring

    federal welfare fraud by the haves
    ... Sasser said fraud is common in the crop insurance system, which offers limited ways for authorities to discover when loss estimates are exaggerated or falsified.

    "I can tell you it's everywhere, all across the country," Sasser said Monday. "When you let the farmers keep up with their own production, they can put that production anywhere they want to. All the adjuster does is take what the farmer gives him to work the claim. What the farmer does before the adjuster gets there, the adjuster has no idea."
    a more complete cite: Feds Bust up $100M NC Crop Insurance Fraud Ring - ABC News
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    Re: Feds Bust Up $100 Million NC Crop Insurance Fraud Ring

    Quote Originally Posted by Fisher View Post
    Feds Bust Up $100 Million NC Crop Insurance Fraud Ring - WSPA-TV

    Federal authorities in North Carolina have unraveled a massive criminal conspiracy they say defrauded $100 million from the government-backed program that insures farmers against crop losses.

    .......

    The ring filed false insurance claims for weather-related loses of tobacco, soybeans, wheat and corn. Often, the crops weren't damaged at all, with farmers later selling their written-off harvests under false aliases.

    Good. About time someone got the corporations defrauding this nation. Bush's $13 trillion debt to us sure enough included a lot of fraud; especially the billion dollars left in pallets in Iraq that "disappeared".
    Alex Carey:

    ... the 20th century has been characterized by three developments of great political importance: The growth of democracy, the growth of corporate power, and the growth of corporate propaganda as a means of protecting corporate power against democracy.

    Australian social scientist, quoted by Noam Chomsky in World Orders Old and New

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