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Owner of two East Side buildings, 18 others cashing in on Medicaid benefits


Harry

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Nineteen Medicaid cheats - including some with luxury cars and million-dollar homes - concocted wacky lies to collect insurance benefits meant for the poor, authorities said Thursday.

 

The list of accused scoundrels tripped up by "Operation Free Ride" included a Hamptons homeowner who claimed to get by on $5,000 a year, an artist who cried poverty despite owning two $1 million Manhattan apartments and a New Jersey woman who claimed she lived in her Manhattan nail salon.

 

"These people claimed to be entitled to Medicaid benefits to which they were not entitled," said Manhattan District Attorney Robert Morgenthau.

 

Applicants to the government-backed insurance program must be low-income earners with little in the way of assets.

 

Read more: http://www.nydailynews.com/real_estate/2009/10/30/2009-10-30_owner_of_2_east_side_buildings_18_others_accused_of_cashing_in_on_benefits_for_p.html#ixzz0VQchEOTR

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These people had between them millions in cash and properties, yet they're facing jail time for a mere pittance. This is a perfect example of what greed can get you. Just ask Martha Stewart, a woman with an estimated worth of $600 million who went to jail for five months over $45,000.

 

In the end, is it really worth it?

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