Rubber hose attack
JohnE37179 at aol.com
JohnE37179 at aol.com
Fri Nov 2 22:26:28 EST 2001
In a message dated 11/2/01 8:46:25 PM, lynn.wheeler at firstdata.com writes:
<< the following from a thread on some of the fees related to fraud issues at
>>
Again, this is only a very small part of the problem. The Inspector General's
office reports that the average identity fraud in the Social Security
Administration costs over $100,000. Texas Medicaid loses approximately 25% of
its $4 billion budget to fraud. The ABA reports that the average cost of each
credit card fraud for the issuer exceeds $3500. Each incident of identity
fraud in recruiting costs DOD over $500,000.
John Ellingson
CEO
Edentification, Inc.
608.833.6261
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