Jonathan Fahey analyzes the DOJ’s crackdown on a $90 million Medicaid fraud ring in Minnesota. He explains how cooperating defendants could reveal more extensive fraud and why Democratic politicians might have ignored the issue for political gain.
Jonathan Fahey, former DHS deputy assistant secretary, discusses the Department of Justice’s $90 million Medicaid fraud bust in Minnesota. Fahey explains that the widespread fraud is likely just the tip of the iceberg, with more revelations expected from cooperating defendants. He questions why Democrats previously ignored these programs for political reasons.
This remains the most prevalent form of financial crime globally. It targets the direct access points to your money: your cards and your bank accounts.
- Skimming: Criminals use small devices called “skimmers” placed over ATM or point-of-sale card slots to capture the data from your card’s magnetic strip.
- Card-Not-Present (CNP) Fraud: This occurs during online shopping where a physical card isn’t required. Thieves use stolen card numbers, expiry dates, and CVV codes to make unauthorized purchases.
- Account Takeover (ATO): A hacker gains access to your online banking credentials (often through malware or phishing) and changes the contact details or passwords, locking you out while they drain your funds.