Skip to comments.Feds have more than 1,900 investigations open into alleged stimulus wrongdoing
Posted on 10/15/2012 9:00:29 AM PDT by yoe
The governments chief spending watchdogs have already secured nearly 600 convictions and judgments against people and companies accused of misusing stimulus funds and have a whopping 1,900 investigations currently open into possible wrongdoing, officials say.
The wave of scrutiny more than three years after the American Recovery and Reinvestment Act was passed by Congress early in the Obama administration means the question of how money was managed early in the program is certain to extend well into the next year as many of the current investigations come to conclusion.
[snip] (An Inside Look at Recovery Oversight)
(Excerpt) Read more at washingtonguardian.com ...
Tell it to Biden, and he’ll start LAUGHING.
Well, I’m just randomly throwing some darts here, but it seems to me, then, that there about 1900 cases of where Obama’s money wasn’t spent on the grift, kickbacks and straw payments he thought it was gonna be....these bastards stuck it in their own pockets and he din’t get no votes or nuttin’ out of it.
no worry ODrama will give everyone a pardon on his way out.
Holy cow! We never saw this coming!
I wonder what the actual number is.
Should Romney win, he should appoint hundreds of prosecutors to go after the grifters enriched by being on BO’s “Friends List”.
REFERENCE Under the Bank Secrecy Act passed by Congress, banks are required to establish, implement and maintain programs designed to detect and report suspicious activity indicative of money laundering, govt fraud and other financial crimes. The Bank Secrecy Act was enacted to protect the tax-paying public from harm by identifying and detecting money laundering from criminal enterprises, govt fraud, tax evasion and other unlawful activities, explained the special agent in charge for Internal Revenue Service Criminal Investigations.
We need to know the number and location of secret LLC bank accounts the stim crooks opened. How many wire transfers were facilitated? How much was secreted offshore?
THE PAPER TRAIL IS HUGE L/E should subpoena bank records of all stim recepients----demand to see copies of (1) checks, (2) wire transfers, (3) bank account statements, (4) invoices, (5) bills, (6) delivery tickets, (7) correspondence (e-mail, cell records), copies of employment contracts, salary agreements, records of payouts, and, (8) all other financial books/records.
L/E need should subpoena records WRT monies stim recepients paid to (a) brokers, sub-brokers, (b) family members, (c) mortgage brokers, (d) financial managers, and, (e) real estate agents, brokers, and developers.
L/E needs to scrutinize stim recepients' bank accounts for suspicious activites: (A) large deposits, (B) funds transferred from one account into another, (C) request for withdrawals.
HAPPILY EVER AFTER L/E can then sue banks of stim recepients if found to be covering up govt fraud.
Missing in Action: Stimulus Sheriff Joe Biden by Michelle Malkin
Remember when President Obama bragged about Joe Bidens fiscal discipline cred in 2009? To you, hes Mr. Vice President, but around the White House, we call him the Sheriff, Obama warned government employees. Because if youre misusing taxpayer money, youll have to answer to him.
Fast-forward to 2012. Call in the search teams. Since being appointed the nations stimulus spending cop, Sheriff Joe has taken a permanent donut break. Hes AWOL on oversight. In fact, hes been bubble-wrapped, boxed and kept completely out of sight. The garrulous gaffe machine hasnt sat down for a national media interview in five months.
The Democrats trillion-dollar American Recovery and Reinvestment Act, however, keeps piling up waste, failure, fraud and debt. Who benefited most? Big government cronies.
The stim billions mysteriously disappeared once it landed in Wall Street Corzine's hands.
Obama and Biden campaigned relentlessly for Corzine---even w/ massive Democrat voter registrations and Corzine massively outspending his opponent----Corzio still lost handily. And Biden (in charge of the stim) made dam sure there's several billion dollars secreted offshore-- for Obama's reelection.
Corzine and his top associates at MF Global committed massive fraud on investors and has still to be indicted.
HOW OBAMA REDISTRIBUTED THE WEALTH There's the billion dollar stim fraud of the "minority" farmers getting paid without having to prove they even raised a radish---another Obamanation.
"Hi there, Americans. Obama put me in charge of the trillion dollar stimulus. My son and brother are gonna help me disperse the money. "
Offshore Fraudster had links to offshore fund run by VP Biden's relatives
Reuters on Yahoo | 2/23/09 | BY Ajay Kamalakaran
(Reuters) A fund of offshore hedge funds run by two members of VP Joe Biden's family was marketed exclusively by offshore firms controlled by Texas financier Allen Stanford, charged by regulators with an $8 billion fraud, the Wall Street Journal said.
The Bidens $50 million fund was jointly branded between the Bidens' Paradigm Global Advisors LLC and the offshore Stanford Financial Group entity headquartered in Antigua, and was known as the Paradigm Stanford Capital Management Core Alternative Fund, the paper said. Stanford-related offshore companies marketed the Biden fund to investors and also invested about $2.7 million of their own money in the fund, the paper said, citing a lawyer for Paradigm.
Paradigm Global Advisors is owned through a holding company by the vice president Biden's son, Hunter, and Joe Biden's brother, James, according to the WSJ. Paradigm's attorney, Marc LoPresti, who represents Hunter Biden and James Biden, as well as Paradigm, told the paper he did not know which Stanford entity invested the roughly $2.7 million. (Excerpt) Read more at news.yahoo.com ...
NOTE A lawyer for Hunter Biden and James Biden told reporters the Bidens NEVER met or communicated with Stanford. (/snicker)
Stanford is in jail for 110 years---but the Bidens got off scot-free.
Nah— Holden will dismiss everything!!