By David Shepardson
DISH Wireless, a subsidiary of US telecoms giant EchoStar, has agreed to pay $17.3 million to ?resolve a U.S. government fraud investigation.
The probe examined whether the company signed up ?ineligible consumers to take part in a pandemic-era program that provided subsidized broadband services to millions of Americans.
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Insurance fraud involves making false or exaggerated claims to an insurance provider.
- Hard Fraud: Someone deliberately causes a loss (e.g., setting fire to a warehouse or staging a car accident) specifically to collect a payout.
- Soft Fraud: More common and often viewed as “victimless” by the perpetrator. It involves exaggerating a legitimate claim, such as overstating the value of stolen items in a home burglary to cover the deductible.