Wednesday, June 3, 2009

F.B.I. Watching for TARP and Stimulus Fraud

The New York Times reports that the FBI and other government agencies are working to prevent fraud and corruption related to government bailout money and the economic stimulus package, in what could be the “next wave” of cases in the financial crisis, the F.B.I. director, Robert S. Mueller III, said Tuesday.

“With billions of dollars at stake — from the purchase of troubled assets to improvements in infrastructure, health care, energy and education — even a small percentage of fraud would result in substantial taxpayer losses,” Mr. Mueller said, according to Reuters.

F.B.I. Watching for TARP and Stimulus Fraud

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