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Is this government fraud common?


You work for a government department and need to order lots of things. You create a shell company and buy exclusively from them, which of course has a 30% mark up. You're really buying from a supplier but feeding it through your shell company, which of course is in a tax haven.

Can this be done? I thought it up today.

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Joseph Peter Ganim (born October 21, 1959) is an American Democratic politician, former attorney, and convicted felon who is currently serving as the mayor of Bridgeport, Connecticut. He was elected mayor of the city six times serving from 1991 to 2003, when he resigned after being convicted on federal felony corruption charges. In 2015, Ganim mounted a successful political comeback and was again elected Bridgeport mayor.[1][2] Ganim was sworn in as mayor on December 1, 2015.

Ganim was successfully reelected to a consecutive term in 2019, and is currently serving his seventh term as mayor of Bridgeport, Connecticut.

If I remember correctly, the scheme you're describing is very similar to one of the many schemes Ganim was running. I believe he would take over existing companies by installing his friends in key positions, and then award these companies with large contracts in exchange for substantial payments into his personal accounts.

He got caught around the time I moved to LA. Years later I flew back to visit my parents and the scumbag was mayor again🤪

I suspect this type of shit happens a lot more than even the most cynical of us (like me) realize.

LINKS:
https://en.wikipedia.org/wiki/Joe_Ganim
https://web.archive.org/web/20230724085239/https://www.nytimes.com/2003/03/20/nyregion/bridgeport-mayor-convicted-on-16-charges-of-corruption.html

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A female politician and her husband did just this during covid with medical supplies in Britain.

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Mone Mone Mone?

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