Skip to comments.Five Years After Stimulus: 1,268 Cases of Fraud
Posted on 02/16/2014 8:44:06 PM PST by Nachum
In November 2010, Vice President Joe Biden said fraud and abuse of the stimulus bill had been kept to a surprisingly low level. This came a year after Barack Obama bestowed VP Joe Biden with the title of the stimulus sheriff.
Fast forward five years Investigators have proven 1,268 cases of fraud in the $840 billion stimulus program.
USA Today reported:
Despite thousands of fraud cases, the financial losses under the 2009 Recovery Act have been just a fraction of what the government expected.
Five years after President Obama signed the American Recovery and Reinvestment Act into law, investigators have proven 1,268 cases of fraud in the $840 billion stimulus program, resulting in $57 million in recovered funds.
Still, the amount of fraud discovered so far is far less than what investigators said they expected when Congress passed the stimulus package.
We have not seen the level of fraud that I think many people feared, said Kathleen Tighe, the chairwoman of the board. The board, created by the Recovery Act, is charged with monitoring all the money spent in the stimulus and disaster relief funds from Superstorm Sandy. She credited unprecedented transparency, aggressive prosecutions and an emphasis on fraud prevention.
Vice President Joe Biden will visit the St. Louis region this week on the fifth anniversary of the failed Obama Stimulus program. Dont expect him to talk about all of the fraud in the failed Keynesian experiment.
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It’s frustrating that the liberals are never called out on the failures of their policies. In this case, the abject failure of Porkulus, which was considered so essential early in Obama’s 1st term, is simply never talked about.
This is the first I’ve heard of major fraud associated with Porkulus.
That is 1,268 documented reasons to Impeach Soetoro-Obama in 2014, PERIOD.
OK, they found and proved over 1200 cases. How many others are there that they have missed?
The whole thing was a fraud.
I’ve worked on bits and pieces several of the fraud cases tied to TARP. Cronyism is just as alive and well in the 0 administration as it was under Bush or any other administration.
What if the people looking for the fraud are the ones committing it? Not likely to blow the whistle on themselves.
“...Big Effing Deal”
1268 cases of fraud is probably 10 % of the total cases....
I wonder how many cases were investigated...
My guess is 1268....
It would be racist to look at some of the "anomalies" that fund left-wing radicals and try to categorize them as "fraud".