$35 Million the tip of the iceberg

The Social Development Ministry reckons they are chasing $35 million in what they euphemistically call "over-payments".

The joke of it all is that the ministry's benefit fraud team, which had been expanded to 225 staff, had reviewed 40 million benefit records in a crackdown on fraud. 

A joke? Yes because for the cost of those 225 staff and a new properly equipped team of 10 could easily do what so far they haven't, catch the thieving bastards. 

Further $35 million of "over-payments is a joke figure….privately I have been told by none other than the Head of the then Social Welfare Department that fraud was believed to account for over $300 million per annum….$300 million.

Oh and don't forget ACC…they reckon their fraud, privately of course, is in the vicinity of $100 million in the individual sector and as much again in the provider sector. 

Now I reckon for $10 million a year they could nail this with a specially set up team using Visual Analytics tools. This is the software that is used many Government Intelligence agencies worldwide for identifying previous hidden networks and associations of networks through common links.

The fraudster who yesterday admitted to $3.2 million of benefit fraud would have been caught in a heartbeat using this software, as there is always a common thread somewhere linking entities, be it phone numbers, addresses, bank accounts, even car registrations. 

Disclaimer: I do not represent or have ever represented Visual Analytics (but I could). I have however specialized in Anti-Money laundering and Fraud detection techniques through Link Analysis and am fully aware of their techniques for discovering previously hidden groups of data. I it is simply my personal opinion that Visual Analytics has simply the best software  for discovering complex fraud and criminal activity.

 


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