Monday, November 13, 2023

Biden’s American Rescue Plan Paid $127M to Dead Teamsters’ Pension Plan: watchdog; ‘Basketball Wives’ Star Brittish Williams Ordered to Pay Over Half a Million Dollars For Committing 15 Felonies, and other C-Virus related stories

0 Biden’s American Rescue Plan paid $127M to dead Teamsters’ pension plan: watchdog
Hold your horses, Joe!
President Biden’s American Rescue Plan authorized $35.8 billion for a Teamsters’ pension scheme — but the federal agency overseeing the payments failed to prevent $127 million from going to a fund with dead participants, according to an inspector general’s report.
The Pension Benefit Guaranty Corporation’s Inspector General found the International Brotherhood of Teamsters’ pension received money for 3,479 deceased members, a Nov. 1 memo from the office shows.
The federal agency was required to request a death audit from the plan, known as the Central States Pensions Funds, but never verified the accuracy of its information before the money went out.
Central States is one of the largest multi-employer pension funds in the country and can make use of commercial vendors to perform death audits, but in a Nov. 2 statement in response to the watchdog report, the PBGC cited “limitations” on those vendors’ accuracy.
“PBGC’s final rule requires that SFA applicant plans certify the accuracy of the data, including a requirement to submit documentation of a death audit, identification of the service provider conducting the audit, and a copy of the results of the audit provided to the plan administrator by the service provider,” a spokesperson told The Post.
“Pension plans don’t want to be paying out money to dead people,” PBGC watchdog Nicholas Novak told The Post, but noted the agency could have consulted the Social Security Administration’s master death file to obtain the information.
PBGC claimed funds were never directly paid to Teamsters’ individual pensions — and said it would not try to recover the funds. --->READ MORE HERE
‘Basketball Wives’ Star Brittish Williams Ordered to Pay Over Half a Million Dollars For Committing 15 Felonies:
Basketball Wives star, Brittish Williams, was ordered to pay over half a million dollars as part of her sentence for committing multiple felonies relating to fraud.
According to court documents that stated that Williams was ordered to pay $564,069.13 in restitution in addition to her four-year prison sentence.
U.S. District Judge Henry Autrey told Williams in his reprimand — “You knew what you were doing. You knew it was wrong and you did it anyway.”
The high profile case was investigated by the Internal Revenue Service, the Social Security Administration and the FBI.
The 33-year-old pled guilty to a total of 15 felonies, five counts of Social Security number misuse, four counts of bank fraud, three counts of wire fraud, and three counts of making false statements to the IRS. The former reality star will be on supervised release for five years after serving her time behind bars.
Williams confessed to underreporting her income for the tax years 2017-2019 and to falsely claiming a niece and nephew as dependents, the Department of Justice reported. She also “fraudulently used Social Security numbers not assigned to her to open accounts with credit card companies and banks” and falsified financial information in nine submitted applications for Economic Injury Disaster Loans.
U.S. Attorney, Sayler A. Fleming, said that the VH1 personality admitted to an “unusually large number of frauds that victimized taxpayers, banks, credit card companies, individuals and programs that were intended to help struggling businesses and employees during the COVID-19 pandemic.” --->READ MORE HERE
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NEW YORK POST: Coronavirus The Latest

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