OIG Semi-Annual Audit Results That You NEVER Knew Occurred.

Highlights
During this semiannual reporting period, the Office of Audit issued 56 products. The office also identified $130,668 in monetary benefits. Work by the Office of Investigations resulted in 33 arrests, 35 indictments, and 21 convictions. Some of our more significant results for the period are described below:

Independent public accounting firms, working under contracts with and supervised by of our Office of Audit, issued unmodified opinions on the Department of the Treasury’s (Treasury) consolidated financial statements and the Gulf Coast Ecosystem Restoration Council’s financial statements for fiscal year 2017. 
Treasury’s Office of Budget and Travel potentially violated the Antideficiency Act by disbursing more than the Departmental Office’s available fund balance with Treasury; incurring obligations and expenditures prior to the respective reimbursable agreements being signed; and using fiscal year 2016 funds for fiscal year 2015 costs related to reimbursable services provided to Departmental Office customers. 
Two funds in Arkansas’ Seed and Angel Capital Network venture capital program, New Road Ventures, LLC and Virtual Incubation Company Investor Network, misused a total of $130,668 of State Small Business Credit Initiative funds on four investments because the investments were in violation of conflict of interest rules in place at the time they were made. 
Our joint investigation with Internal Revenue Service Criminal Investigations, revealed a repeat offender involved in a sovereign citizen scheme who opened a bank account and attempted to deposit a fictitious $300 million “Indemnity Bond” purported to be a valid instrument issued by Treasury. The suspect was indicted for Fictitious Obligations. 
Our investigation revealed the theft of $37 million in Treasury checks from the U.S. Postal Service. The checks were stolen by contract employees, hired by the post office. To date, the investigation has identified 24 subjects. Two arrest warrants and a search warrant have been executed. 
Our investigation determined that a former Office of the Comptroller of the Currency Bank Examiner and two co-conspirators engaged in a scheme to defraud a movie financing company. The Vice President of a bank, a former Bank Examiner, used his position to assist two subjects with stealing $2.5 million from the company by depositing funds into escrow accounts. The three subjects were sentenced from 30 weekends to 30 months in prison, 12 to 36 months of probation, and to a total of more than $1.5 million in restitution, forfeiture, and fines.

Nothing to see here. WWG1 WGA

OFFICE OF INSPECTOR GENERAL U.S. GENERAL SERVICES ADMINISTRATION October 1, 2017 – March 31, 2018

MESSAGE FROM THE IG I am pleased to submit the Semiannual Report to Congress for the period of October 1, 2017 through March 31, 2018. During this reporting period, the Office of Inspector General continued to deliver exceptional value to the taxpayer: our contract audits identified nearly $329 million in cost savings and our investigative work yielded $97 million in monetary recoveries. Highlights of our work include our partnership with the Department of Justice to secure a $66 million dollar settlement of a qui tam investigation of a company that sold defective material for bullet proof vests used by law enforcement officers, multiple convictions of criminals masquerading as Service-Disabled Veteran-Owned Small Businesses to obtain government contracts, and an evaluation that prompted the agency to include whistleblower protection language in its congressional communication policy.

And what about tungsten?

Everything needs to be audited and if anyone is caught stealing the tax payers money then they need the book thrown at them.