Thursday, August 24, 2006

There Are Those That Have Received Grant Money When They Shouldn't Have

A news article has come from Africa about the investigation of individuals who have worked for the government there who have received grant monies when they weren't supposed to.  Here is a link to the article:

http://www.businessday.co.za/articles/topstories.aspx?ID=BD4A241710

Over 400,000 individuals received grant money even though they were not eligible for it!  The investigation into this fraudenlent activity will take 2 years to investigate but already criminal action against some of the individuals has already taken place.  Some are expected to pay back the grant money that they received and others will face criminal prosecution.  Some of the grant programs themselves have been cancelled with more on their way to being cancelled.

The names of those individuals who have committed the fraud(s) are going to be released from the government - in their words - "the public has a right to know who has been stealing their money"

Its hard for me to calculate how the stolen amounts can be converted into American dollars but with over 400,000 people committing the fraud that still comes out to a LOT of money!





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