Swiss Millionaires Caught in Decade-Long Social Security Fraud Scheme
A wealthy retired couple from Zurich has been convicted of defrauding Switzerland's social security system, known as Schweizerische Sozialversicherungsanstalt (SSA), out of nearly 300,000 francs. Over nearly a decade, they illegally claimed public benefits while hiding assets worth around one million francs. The fraud only came to light after one of them confessed out of guilt.
The couple, who lived in Zurich, falsely declared their financial situation to the SSA. For years, they reported just 71,000 francs in assets and claimed their only monthly income was a 1,419-franc AHV pension. In reality, their wealth far exceeded the limits for supplementary benefits under Switzerland's old-age and disability insurance (AHV/IV).
A court found both spouses guilty of commercial-scale fraud. Each received a suspended fine of 14,400 francs, along with an additional 3,600-franc penalty. They must also cover 1,000 francs in procedural fees and pay their lawyers' costs, bringing their total expenses to around 12,900 francs each.
The case follows a broader crackdown on benefit fraud by the SSA. Between 2021 and 2026, the agency strengthened controls, using digital checks on income and assets. It also worked with cantonal offices to cross-verify claims and recover over 50 million francs annually in fraudulent payments. Legal actions under the ELG and Strafgesetzbuch have become more common as part of these efforts.
The couple's deception lasted almost ten years before their confession led to prosecution. Their fines and legal costs now add to the recovered funds, reinforcing the SSA's push against welfare fraud. The case highlights how stricter verification systems are exposing long-term abuse of public benefits.
