The US MINT GOT AUDITED! - The GOLD RESERVES GOT AUDITED!
3-Sep-2018
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?
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
https://www.oversight.gov/sites/default/files/oig-sa-reports/OIG-CA-18-017.pdf
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.
**************************
With Trump talking about FARMING so much lately, and with the new Trade deal w/ Mexico, let’s see what Sec. Sonny Perdue has been doing to clean up corruption over at the Dept. of Agriculture.
Now, I am ONLY POSTING ONE EXAMPLE OF FRAUD AND THEFT FOR EA Agriculture DEPT THE IG AUDITED!
I will post the whole 144 page report you can read at the bottom of this post.
The Dept. of Agriculture went through their Semi Annual Audit.
From Oct. 1, 2017 – March 31, 2018, The IG found the following:
The Office of Audit issued 23 final and interim reports that resulted in 105 recommendations and $14.5 million in questioned/unsupported costs or funds to be put to better use.
Our Office of Investigations reported 217 arrests, 280 indictments, and 272 convictions, as well as $84.9 million in recoveries and restitutions. IN A 6 MONTH PERIOD!👊
First up, The SNAP Program
The first example of FRAUD the IG reported was 1 Convenience store trafficked MORE THAN 3.4 MILLION in SNAP Benefits in one year. 1 STORE!!😲
👉In U.S. District Court, Middle District of Florida, the owners of a convenience store in Orlando, Florida, were sentenced in December 2017 for trafficking SNAP benefits.
The investigation disclosed that the two owners gave customers cash, alcoholic beverages, and tobacco products in exchange for SNAP benefits. The owners pled guilty to wire fraud and were sentenced to 33 months in prison, followed by 24 months of supervised release. They were also ordered to pay joint restitution totaling $3.4 million.
To see ALL the Prosecutions the Dept of Agriculture has racked up over at the DOJ with AG Session’s, GO HERE👇
https://search.justice.gov/search?query=SNAP&op=Search&affiliate=justice
Next up, The RMA Crop Insurance Program
👉We reviewed the adequacy of a pilot program that delivers crop insurance for pistachios based on actual production history. We found that four of the five producer claim files from one approved insurance provider (AIP) did not contain the required evidence to support the paid insurance indemnities. As a result, we found that nearly $7.7 million of indemnity payments paid to these four producers were questionable. 😲
Next up, The USDA
👉An investigation into construction contracts issued under programs designed to create set-aside Federal contracts for small businesses uncovered a massive fraud scheme in South Carolina.
Using nominee owners, the subjects of this investigation conspired to create seemingly eligible contractors that actually operated under the control of a few ineligible businesses. They received more than $165 million in set-aside contracts to which they were not entitled from USDA, the Department of Defense, and other Federal agencies.
In total, seven individuals and two companies were indicted for varying offenses including misprision of felony, wire fraud, conspiracy, false statements, and major fraud against the Government. 😲
To date, six individuals have pled guilty and been sentenced in U.S. District Court, District of South Carolina, to terms ranging from 36 months of probation to 24 months in prison. Additionally, 29 individuals and entities have been suspended from doing business with the Government, pending the final outcome, and one corporation has paid a $500,000 fine👊
So a quick recap: In a 6 MONTH period, there were:
Number of people referred to DOJ criminal:
170 Number of people referred for prosecution federally in FY 2018 first half👊
Number of people referred to DOJ criminal
170 Number of people referred for prosecution federally in FY 2018 first half👊
Number of people referred to State/ local authorities
116 Number of people referred to State/local authorities in FY 2018 first half👊
Secretary Sonny Perdue and the OIG are doing a FABULOUS JOB Cleaning up the Dept of Agriculture!!
There is SO much happening that the Media WILL NEVER TELL YOU ABOUT.
IF the media told the truth about what Trump’s Administration IS accomplishing, there would be NO ‘FENCE SITTER’S’, Trump would be at a 95% Approval rating and the [main stream] media would be delegated to the Trash Heap. Where they belong.
Source – Lisa Evans Rockwell
3-Sep-2018
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?
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
https://www.oversight.gov/sites/default/files/oig-sa-reports/OIG-CA-18-017.pdf
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.
**************************
With Trump talking about FARMING so much lately, and with the new Trade deal w/ Mexico, let’s see what Sec. Sonny Perdue has been doing to clean up corruption over at the Dept. of Agriculture.
Now, I am ONLY POSTING ONE EXAMPLE OF FRAUD AND THEFT FOR EA Agriculture DEPT THE IG AUDITED!
I will post the whole 144 page report you can read at the bottom of this post.
The Dept. of Agriculture went through their Semi Annual Audit.
From Oct. 1, 2017 – March 31, 2018, The IG found the following:
The Office of Audit issued 23 final and interim reports that resulted in 105 recommendations and $14.5 million in questioned/unsupported costs or funds to be put to better use.
Our Office of Investigations reported 217 arrests, 280 indictments, and 272 convictions, as well as $84.9 million in recoveries and restitutions. IN A 6 MONTH PERIOD!👊
First up, The SNAP Program
The first example of FRAUD the IG reported was 1 Convenience store trafficked MORE THAN 3.4 MILLION in SNAP Benefits in one year. 1 STORE!!😲
👉In U.S. District Court, Middle District of Florida, the owners of a convenience store in Orlando, Florida, were sentenced in December 2017 for trafficking SNAP benefits.
The investigation disclosed that the two owners gave customers cash, alcoholic beverages, and tobacco products in exchange for SNAP benefits. The owners pled guilty to wire fraud and were sentenced to 33 months in prison, followed by 24 months of supervised release. They were also ordered to pay joint restitution totaling $3.4 million.
To see ALL the Prosecutions the Dept of Agriculture has racked up over at the DOJ with AG Session’s, GO HERE👇
https://search.justice.gov/search?query=SNAP&op=Search&affiliate=justice
Next up, The RMA Crop Insurance Program
👉We reviewed the adequacy of a pilot program that delivers crop insurance for pistachios based on actual production history. We found that four of the five producer claim files from one approved insurance provider (AIP) did not contain the required evidence to support the paid insurance indemnities. As a result, we found that nearly $7.7 million of indemnity payments paid to these four producers were questionable. 😲
Next up, The USDA
👉An investigation into construction contracts issued under programs designed to create set-aside Federal contracts for small businesses uncovered a massive fraud scheme in South Carolina.
Using nominee owners, the subjects of this investigation conspired to create seemingly eligible contractors that actually operated under the control of a few ineligible businesses. They received more than $165 million in set-aside contracts to which they were not entitled from USDA, the Department of Defense, and other Federal agencies.
In total, seven individuals and two companies were indicted for varying offenses including misprision of felony, wire fraud, conspiracy, false statements, and major fraud against the Government. 😲
To date, six individuals have pled guilty and been sentenced in U.S. District Court, District of South Carolina, to terms ranging from 36 months of probation to 24 months in prison. Additionally, 29 individuals and entities have been suspended from doing business with the Government, pending the final outcome, and one corporation has paid a $500,000 fine👊
So a quick recap: In a 6 MONTH period, there were:
Number of people referred to DOJ criminal:
170 Number of people referred for prosecution federally in FY 2018 first half👊
Number of people referred to DOJ criminal
170 Number of people referred for prosecution federally in FY 2018 first half👊
Number of people referred to State/ local authorities
116 Number of people referred to State/local authorities in FY 2018 first half👊
Secretary Sonny Perdue and the OIG are doing a FABULOUS JOB Cleaning up the Dept of Agriculture!!
There is SO much happening that the Media WILL NEVER TELL YOU ABOUT.
IF the media told the truth about what Trump’s Administration IS accomplishing, there would be NO ‘FENCE SITTER’S’, Trump would be at a 95% Approval rating and the [main stream] media would be delegated to the Trash Heap. Where they belong.
Source – Lisa Evans Rockwell
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