The Spanish Supreme Court has recently questioned the effectiveness of the Social Security system and the Spanish banking system, as a man mistakenly received his retirement pension. HuffPost Spain reports that between 2005 and 2021, this man took advantage of an administrative error, which allowed him to continue receiving these payments into his Caixabank account, resulting in a case of fraud and undue payments. Furthermore, the audit highlighted the major error in the verification of pensions and the significant problem posed by the court ruling related to inheritance. Read on to find out more.
This man must return this huge amount of money
A man in Spain, whose name has not been disclosed, must return €231,306.91 (equivalent to approximately $250,000) after it was discovered that he had been collecting his deceased father’s retirement pension for 16 years. The decision was upheld by the Supreme Court, which confirmed that the defendant took advantage of an administrative error and failed to notify either the bank or Social Security of his father’s death.
The investigation revealed 16 years of improper payments
According to HuffPost Spain, the man maintained a joint bank account at the Spanish bank Caixabank, where the monthly pension payments continued to be deposited for more than a decade and a half. Although the original account holder had died, the funds continued to be deposited automatically, and the defendant made transactions without reporting the error.
