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Mass-transit incentive also gives lift to fraud
 
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Binarywebs
Total posts: 1191

USA US Florida
PostPosted: Tue Apr 24, 2007 9:04 am   Post subject:  Mass-transit incentive also gives lift to fraud #1  Back to top 

Washington - It's a perk of federal employment: a free monthly subsidy that pays for commutes on public transportation. But scores of workers have been taking the government for a ride, selling their benefits on the Internet and pocketing millions in cash each year.

The program, which covers 300,000 federal employees nationwide, has been abused by workers across a variety of agencies, the Government Accountability Office will report to Congress today.

$17 million a year lost

Workers in the Washington region have defrauded the government of at least $17 million a year, with the actual figure probably several million dollars higher, according to the GAO.

Employees have taken the benefit vouchers, known locally as Metrocheks, and turned them into a kind of black-market currency, selling them - often at a discount off the face value - to buyers who can use them to ride Metro, regional buses or commuter railroads.

Full Story: http://test.denverpost.com/headlines/ci_5735753

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