By Michal Conger | 11/20/13 02:04 PM
A little-known federal commission with a $72 million budget has so few controls and such poor financial processes that it is inappropriately spending at least 10 percent of its budget, according to new a report by the Government Accountability Office. The American Battle Monument Commission...
By Mark Tapscott | 11/20/13 09:07 AM
Nobody knows for sure how much the federal government loses annually to waste, fraud, and incompetence, but the tab just for improper payments by Medicare last year was nearly $30 billion.
By Michal Conger | 11/19/13 06:19 PM
One ex-bank official has to wait a few weeks before he finds out his punishment for 30 counts of bank fraud and 30 counts of money laundering. Matthew Daniel Sweet, of Timbo, Ark., was the former vice president and controller at Troubled Asset Relief Program funds recipient One Bank &...
By Michal Conger | 11/19/13 04:35 PM
NASA has been overpaying contractors because the math officials there use to calculate performance awards is "overly complex," leading to $66.4 million in potential overpayments, according to a new report by the space agency's Office of the Inspector General.
By Kelly Cohen | 11/19/13 04:01 PM
Ohio officials owe the federal government more than $3 million for excessive child care claims, according to a federal watchdog. The Child Care Development Fund program spent more than $41 million — about $38 million in federal dollars —between 2007 and 2011.
By Kelly Cohen | 11/14/13 06:34 PM
Internal management problems in the General Services Administration's Washington, D.C., regional office have caused repeated procurement failures, the agency's inspector general has found. The Nov. 7 audit found little progress has been made in fixing issues identified by the IG between fiscal...
11/14/13 10:07 AM
Amtrak, the U.S. taxpayer-supported passenger railroad, is losing tens of millions of dollars a year on food and beverage service even after years of cost cutting, its inspector general said.
By Michal Conger | 11/13/13 06:17 PM
An Afghan contractor with ties to insurgent groups -- one the Army should have cut ties with last year -- was given access to a U.S. facility, according to the special inspector general for Afghan reconstruction. The Zurmat Group is one of 43 contractors in Afghanistan the Army has refused to...
11/12/13 09:16 AM
The state Inspector General is launching a probe into the New York State Athletic Commission’s handling of a brutal Nov. 2nd fight that left a Russian boxer with brain damage, the Daily News has learned. The investigation by Inspector General Catherine Leahy Scott into the fight at Madison...
By Ethan Barton | 11/08/13 02:12 PM
Edward Woodard, former CEO of the Virginia Bank of the Commonwealth, was sentenced to 23 years in federal prison for masterminding a massive fraud scheme that led to the bank's failure. That failure also cost the Federal Deposit Insurance Corporation $333 million, according to a report by...
By Byron York | 12/09/13
By Byron York | 12/09/13
By Richard Pollock | 12/06/13
By Byron York | 12/08/13