Tuesday, November 17, 2015

6 Million Un-Dead Have Social Security Numbers

An internal audit out this week reports that there are 6 million people with Social Security numbers who were born more than 112 years ago. Unless there is a Missouri's worth of extremely aged Americans, what this means is that Social Security didn't get the death information that it was supposed to receive on these people.
These un-dead aren't collecting benefits, apparently, but it's still a huge problem, the auditors note, because those "live" numbers can be, and have been, used to commit fraud.
In one case, a man opened multiple bank accounts with several Social Security numbers belonging to people born in 1886 and 1893. And from 2008 through 2011, employers tried to verify 3,873 Social Security numbers that belonged to people born before 1901.
The annual audit, conducted by the Social Security Administration's inspector general, also reports that "caretakers" of 2,550 seniors who had died still managed to collect almost $47 million in benefits.
Read the rest of the story HERE.

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