Video: States Just Took On SNAP's Bill, Fraud Topped $900 Million in a Week
WYDE Weekly: the SNAP cost shift hits states October 1, Fast Lab's $500 million COVID fraud plea, Bitget's $387.5 million hack, the Fed's first stablecoin rules, and Phil and Penny Knight's $1 billion gift to Oregon.
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States Just Took On SNAP's Bill, Fraud Topped $900 Million in a Week, and Philanthropy Wrote $1.2 Billion in Checks. Over 71,800 Meals.
WYDE Weekly: the SNAP cost shift hits states October 1, Fast Lab's $500 million COVID fraud plea, Bitget's $387.5 million hack, the Fed's first stablecoin rules, and Phil and Penny Knight's $1 billion gift to Oregon.
Sep 26, 2026 · 7 min read
Fast Lab's COO Pleads Guilty to a $500 Million COVID Test Billing Fraud
Hasan Seyhun admitted conspiracy to commit healthcare fraud after Fast Lab Technologies billed insurers more than $500 million for COVID-19 tests it never performed and took in at least $35 million.
Sep 25, 2026 · 2 min read
States Take On 75% of SNAP's Administrative Costs on October 1 as Congress Fails to Delay the Shift
Starting October 1, the 2025 reconciliation law drops the federal share of SNAP administrative costs from 50% to 25%, a roughly $17 billion cost shift to states over five years, as food banks brace and Congress has not passed a delay.
Sep 24, 2026 · 2 min read