How Teachers Swiped $2 Billion From Social Security — Joe Fried, a retired CPA who ran his own auditing firm, has a great column on his Substack in which he tells how he was a part of an investigation into how teachers in Texas managed to swipe $2 billion from Social Security in a double-dipping scam.
Teachers on their last day would work six-hours as a minimum wage janitor letting them collect their pension and a Social Security check despite never having paid into Social Security.
Yes, this was in violation of the rules.
No, nothing was done about it.
Read the story here: https://joefriedcpa.substack.com/p/these-teachers-swept-2-billion-from?r=a105g&utm_medium=ios&utm_campaign=post
Thanks, Bill. I appreciate the feedback, and I enjoy your many interesting articles. Keep up the good work.