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  1. #1
    anthony5 is offline Junior Member
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    On food stamps, what constitutes fraud

    What is the name of your state? Indiana

    Hi. I'm on food stamps. Just went on it because I lost my job. My bank account is near $0. Anyway, if I was to borrow money and start up a stock trading account online while I was collecting food stamps from the Govt. , would this be fraud? I technically wouldn't be earning money unless I made money from any stock trades, right? I haven't done anything yet but I'm just asking. Would I have a certain amount of time to tell them? I'm not even sure that a question like that was asked on my application and like I said, I'm not even doing it yet so I would have answered no to any online banking accounts. Thanks .
  2. #2
    BL
    BL is offline Senior Member
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    Quote Originally Posted by anthony5
    What is the name of your state? Indiana

    Hi. I'm on food stamps. Just went on it because I lost my job. My bank account is near $0. Anyway, if I was to borrow money and start up a stock trading account online while I was collecting food stamps from the Govt. , would this be fraud? I technically wouldn't be earning money unless I made money from any stock trades, right? I haven't done anything yet but I'm just asking. Would I have a certain amount of time to tell them? I'm not even sure that a question like that was asked on my application and like I said, I'm not even doing it yet so I would have answered no to any online banking accounts. Thanks .
    Read the instructions on reporting changes for your eligibility .
  3. #3
    justalayman is offline Senior Member
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    Be sure to concern yourself regarding money as gifts from others and what it states regarding reporting ANY income or holdings (i.e. bank accounts, stock brokerage accounts etc.)
  4. #4
    HomeGuru is offline Senior Member
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    Quote Originally Posted by anthony5
    What is the name of your state? Indiana

    Hi. I'm on food stamps. Just went on it because I lost my job. My bank account is near $0. Anyway, if I was to borrow money and start up a stock trading account online while I was collecting food stamps from the Govt. , would this be fraud? I technically wouldn't be earning money unless I made money from any stock trades, right? I haven't done anything yet but I'm just asking. Would I have a certain amount of time to tell them? I'm not even sure that a question like that was asked on my application and like I said, I'm not even doing it yet so I would have answered no to any online banking accounts. Thanks .

    **A: why not get a real job?

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