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Retire like the Fresh Prince of Bel-Air?

January 8, 2014 By Richard C. Young

Yes, indeed, New York police retirees have found just the shady lawyer to help them game the S.S. disability system for millions of dollars. What a great country! Have you read about the huge percentage of police and fire fighters who retire on disability? You may find an IXQUICK search on the subject of interest. In the interim, National Review lays bare the scam that a large number of New York police and firefighters have been running to abuse Social Security disability regulations and roll in enough retirement cash to live like a prince.

More than a hundred people were indicted today for fraudulently obtaining Social Security disability benefits, constituting one of the biggest such fraud busts of all time.

At a news conference in Manhattan Tuesday afternoon, federal and local officials described a 26-year-old scheme through which 102 people — including 72 New York City Police retirees and eight retired New York firefighters — allegedly collected Social Security Disability Insurance (SSDI) fraudulently. A number of the 102 indicted have already been arrested.

Manhattan district attorney Cyrus R. Vance Jr. said at the news conference that about half of the participants fraudulently claimed they had suffered a mental disability as a result of September 11.

James T. Hayes Jr., the special-agent-in-charge of Homeland Security Investigations in New York, said in a news release, “Many of the individuals arrested today are alleged to have crafted an insidious scheme to profit off the tragedy of the worst terrorist attack in our nation’s history, one that affected all New Yorkers so very personally.”

The Social Security Administration paid out about $21.5 million in benefits to the defendants indicted today, according to the indictment filed Tuesday. On average, the defendants collected $210,000 in SSDI payments, according to the indictment. Eventually up to 1,000 indictments, the NYPD says, could be coming.

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Richard C. Young
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Richard C. Young
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