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Bounty Hunters to Cut Benefit Fraud by £1 Billion

Tuesday 10 August 2010

‘Finance experts will identify welfare cheats by trawling through their records, household bills and credit card applications. The agencies will get a “bounty” payment for each fraudster they identify under government plans to cut the £5.2billion annual fraud bill.

By having access to the Government’s database of incapacity and housing benefit claimants, the companies believe they can shave at least £1billion from the welfare bill, earning as much as £50million.’

Read more: Bounty Hunters to Cut Benefit Fraud by £1 Billion