Fishmonger Charged For $1.4 Million Food Stamp Fraud

A fishmonger is now facing up to five years in prison after admitting to $1.4 million food stamp fraud in a court in Rochester, New York on Friday.

Irving Feldman, 61-years old, who has operated Jack’s Upstate Fish Market for decades in northeast Rochester, is now being reeled in on charges for two lucrative schemes: one netting more than $1.2 million and the other more than $200,000, according to Democrat & Chronicle.

Democrat & Chronicle reports:

“[Feldman] has pleaded guilty to engaging in what one official called ‘truly breathtaking’ $1.4 million food-stamp fraud schemes. He is facing a sentence of up to five years in prison and a $250,000 fine.”

It is being reported by The Associated Press, the most lucrative of the two schemes was when “he illegally bought $1.2 million worth of food stamps from willing recipients for half their face value in cash.” Prosecutors are saying he made a large profit by ‘redeeming the food stamps with the federal government at full value.’

According to the news release from the New York Inspector General’s Office, the food-stamp purchases took place between January 2010 and October 2015.

This official document goes one to say that the second scheme involved persuading, “food stamp recipients to use their benefit cards to buy fish from other retail markets, then sell the fish to him at steeply discounted prices. The recipients pocketed cash and Feldman got inventory he could sell at full value. The value of that scheme was about $202,000.”

Feldman is awaiting sentencing scheduled for March 14, 2017. Other reports of food stamp-related fraud have peppered the news in recent weeks.

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