Disabled veterans in Texas fleeced by VA-appointed money managers
By Lise Olsen and Lindsay Wise
Monday, May 21, 2012
Already a convicted petty thief, Mildred Fedd had pressing bills to pay: parking tickets, a faulty sewage system, house payments and the impound lot holding her truck hostage. So she turned to the U.S. Department of Veteran Affairs and promised - for a small fee - to watch over an 82-year-old disabled veteran.
With his $5,000, she agreed to buy him a burial plot. Instead, the Houston caregiver paid her own bills - and got caught only after she had spent all his money and went back for more, Harris County records show.
The Veterans Affairs' Inspector General has repeatedly warned about a plague of fraud and theft in a national program that appoints family members and VA-approved fiduciaries to protect a whopping $3 billion in assets belonging to veterans the government considers too disabled to manage their own money.
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