OIG Semi-Annual Audit Results That You NEVER Knew Occurred.
This article is a series compiled by Lisa Evans Rockwell into the OIG Audits into a large variety of departments. Each is broken down by individual audits and highlights of findings are provided. Each comprehensive audit is included in link at end of each section.
Between October 1, 2017–March 31, 2018 something very interesting was happening.
The IG was AUDITING THE TREASURY!
This was a SEMI ANNUAL audit. There’s another one going on right now.
In the first audit, the work by the Office of Investigations resulted in 33 arrests, 35 indictments, and 21 convictions. What else was in the Report the IG handed to Congress?
🚨The United States MINT GOT AUDITED!😲
👉Financial Management: Audit of the United States Mint’s Schedules of Custodial Deep Storage Gold and Silver Reserves as of September 30, 2017 and 2016 (OIG-18-003, 10/24/2017
🚨The GOLD RESERVES GOT AUDITED!😲
👉Financial Management: Audit of the Department of the Treasury’s Schedules of United States Gold Reserves Held by Federal Reserve Banks as of September 30, 2017 and 2016 (OIG-18-007, 10/31/2017)
That’s not all this Report tells us.
THE IG CAUGHT A LEAKER TOO.
“The complainant alleged that a senior staff member at a Treasury bureau may have released information regarding the existence of a DOJ and Treasury OIG investigation.”
💥Substantiated and Referred to DOJ for Prosecution💥
WHO instructed all these Audits to take place?
THIS GUY! Treasury Secretary Steven Mnuchin👊
All this was going on AND NO ONE KNEW ABOUT IT.
The Swamp IS being drained! First you have to discover the crime, then you deal the punishment.
It’s ALL getting cleaned up, one Department at a time.
Just like Candidate Trump said…’EVERY DEPARTMENT WILL BE AUDITED’.👊
Source – Lisa Evans Rockwell
READ THE WHOLE 87 PAGE REPORT HERE
Semiannual Report to Congress, October 1, 2017 – March 31, 2018, Office of Inspector General, Department of the Treasury
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.
and much more
https://americandigitalnews.com/2018/08/31/oig-semiannual-audit-results/
