MSM SILENT: Ben Carson Finds $500 BILLION in Fraud-Mismanagement in HUD Audit

[Cellblock2429]

HUD Director Dr. Ben Carson found a big economic pitfall by the Obama administration.

The mainstream media has neglected to report on a BIG find by Dr. Ben Carson. The Trump cabinet is a winning cabinet.

Dr. Carson dug into the agencies records in a sweeping audit wherein he found substantial bookkeeping “errors”, which only prove either the incompetence or the corrupt nature of the previous administration led by former-president, Barack Obama.

The HUD report found $500 billion in fraud and mismanagement in the government agency.

What We Found

The total amounts of errors corrected in HUD’s notes and consolidated financial statements were $516.4 billion and $3.4 billion, respectively. There were several other unresolved audit matters, which restricted our ability to obtain sufficient, appropriate evidence to express an opinion. These unresolved audit matters relate to (1) the Office of General Counsel’s refusal to sign the management representation letter, (2) HUD’s improper use of cumulative and first-in, first-out budgetary accounting methods of disbursing community planning and development program funds, (3) the $4.2 billion in nonpooled loan assets from Ginnie Mae’s stand-alone financial statements that we could not audit due to inadequate support, (4) the improper accounting for certain HUD assets and liabilities, and (5) material differences between HUD’s subledger and general ledger accounts. This audit report contains 11 material weaknesses, 7 significant deficiencies, and 5 instances of noncompliance with applicable laws and regulations.

MSM SILENT: Ben Carson Finds $500 BILLION in Fraud-Mismanagement in HUD Audit

 

[Timmy]

Sounds like an argument over accounting methods . Not that he "found" billions .

How about an example ?

 

[boedicca]

Sounds like an argument over accounting methods . Not that he "found" billions .

How about an example ?

I'm sure Enron Execs used the same excuse.

 

[1stRambo]

Yo, it`s called "SPIN" by the Obama Administration, you can also call it "CROOKED," as Obama was, please read this article, it will tell you all about Scum-Bags in the Socialist Democrat Party!!!

Did the Obama Administration Use Fannie and Freddie Funds to Bail Out Obamacare? - Investors Unite

"GTP"

 

[Uncensored2008]

HUD Director Dr. Ben Carson found a big economic pitfall by the Obama administration.

The mainstream media has neglected to report on a BIG find by Dr. Ben Carson. The Trump cabinet is a winning cabinet.

Dr. Carson dug into the agencies records in a sweeping audit wherein he found substantial bookkeeping “errors”, which only prove either the incompetence or the corrupt nature of the previous administration led by former-president, Barack Obama.

The HUD report found $500 billion in fraud and mismanagement in the government agency.

What We Found

The total amounts of errors corrected in HUD’s notes and consolidated financial statements were $516.4 billion and $3.4 billion, respectively. There were several other unresolved audit matters, which restricted our ability to obtain sufficient, appropriate evidence to express an opinion. These unresolved audit matters relate to (1) the Office of General Counsel’s refusal to sign the management representation letter, (2) HUD’s improper use of cumulative and first-in, first-out budgetary accounting methods of disbursing community planning and development program funds, (3) the $4.2 billion in nonpooled loan assets from Ginnie Mae’s stand-alone financial statements that we could not audit due to inadequate support, (4) the improper accounting for certain HUD assets and liabilities, and (5) material differences between HUD’s subledger and general ledger accounts. This audit report contains 11 material weaknesses, 7 significant deficiencies, and 5 instances of noncompliance with applicable laws and regulations.

MSM SILENT: Ben Carson Finds $500 BILLION in Fraud-Mismanagement in HUD Audit

Obama stole HOW MUCH?

 

[LaDexter]

he found substantial bookkeeping “errors”, which only prove either the incompetence or the corrupt nature of the previous administration led by former-president, Barack Obama.

I'll take CORRUPT = the objective of the O Administration was to steal as much as possible, knifing anyone in the back who noticed... or who was white, hetro, and didn't vote Dem.

 

[Uncensored2008]

Sounds like an argument over accounting methods . Not that he "found" billions .

How about an example ?

He found that the Obama administration had STOLEN half a TRILLION dollars. What he found was fraud by the most corrupt administration in history.

 

[percysunshine]

"When will Dems admit they were wrong about Dr Ben Carson?"


The Democrat political class are incapable of admitting they made a mistake. They do not do 'oops'.

 

[percysunshine]

.
Democrats are like a pack of wild Dingos. One admission of a mistake is a sign of weakness, and the rest of the pack tears you apart and eats you alive.

Not much room for introspection or learning in a community like that. Blame someone else....

 

[Timmy]

Sounds like an argument over accounting methods . Not that he "found" billions .

How about an example ?

He found that the Obama administration had STOLEN half a TRILLION dollars. What he found was fraud by the most corrupt administration in history.

Please. According to the "gateway pundit ".

There should warnings on threads linked to well know fake news sites .

 

[Cellblock2429]

Sounds like an argument over accounting methods . Not that he "found" billions .

How about an example ?

/--- Here ya go you troll. Read them all: https://www.hudoig.gov/sites/default/files/documents/2017-FO-0005.pdf

 

[ColonelAngus]

Sounds like an argument over accounting methods . Not that he "found" billions .

How about an example ?

It's called FRAUD.

Ask WORLDCOM and Bernard Ebbers about "an argument over accounting methods".

Snowflakes are not all this stupid, right?

 

[LaDexter]

This is what the Affirmative Action Administration of Barack "the Prince of Preferences" Obama was all about

STEALING and HATING WHITEY

 

[Timmy]

Sounds like an argument over accounting methods . Not that he "found" billions .

How about an example ?

It's called FRAUD.

Ask WORLDCOM and Bernard Ebbers about "an argument over accounting methods".

Snowflakes are not all this stupid, right?

They didn't say fraud. More like stupidity. But if someone is stealing, then string them up.

 

[ColonelAngus]

I am saying that most $500 billion accounting "ERRORS" are fraud.

MANY MANY MANY eyeballs are on the books of any large entity like HUD.

It's not like it was just some clerical error.

This is smoke....I guarantee there is a SHITLOAD of fire and people will be fired and should go to jail.

 

[ColonelAngus]

Looks like someone should have been using this:

Hotline Report Form | Office of Inspector General, Department of Housing and Urban Development

OFFICE OF INSPECTOR GENERAL, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT


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• Hotline Report Form

HOTLINE REPORT FORM
USE THIS FORM TO SUBMIT AN ANONYMOUS HOTLINE REPORT TO HUD OIG
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Please provide as much information as possible. Detailed, complete and accurate information will improve HUD OIG's ability to respond to your allegation. If you do not know the answer to a question, you can leave the space blank. For a list of Frequently Asked Questions, click here.

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[Mac1958]

$500B and a 2016 budget of $41B?

How many years does this include? From the beginning? And under what accounting method?
.

 

[Desperado]

HUD Director Dr. Ben Carson found a big economic pitfall by the Obama administration.

The mainstream media has neglected to report on a BIG find by Dr. Ben Carson. The Trump cabinet is a winning cabinet.

Dr. Carson dug into the agencies records in a sweeping audit wherein he found substantial bookkeeping “errors”, which only prove either the incompetence or the corrupt nature of the previous administration led by former-president, Barack Obama.

The HUD report found $500 billion in fraud and mismanagement in the government agency.

What We Found

The total amounts of errors corrected in HUD’s notes and consolidated financial statements were $516.4 billion and $3.4 billion, respectively. There were several other unresolved audit matters, which restricted our ability to obtain sufficient, appropriate evidence to express an opinion. These unresolved audit matters relate to (1) the Office of General Counsel’s refusal to sign the management representation letter, (2) HUD’s improper use of cumulative and first-in, first-out budgetary accounting methods of disbursing community planning and development program funds, (3) the $4.2 billion in nonpooled loan assets from Ginnie Mae’s stand-alone financial statements that we could not audit due to inadequate support, (4) the improper accounting for certain HUD assets and liabilities, and (5) material differences between HUD’s subledger and general ledger accounts. This audit report contains 11 material weaknesses, 7 significant deficiencies, and 5 instances of noncompliance with applicable laws and regulations.

MSM SILENT: Ben Carson Finds $500 BILLION in Fraud-Mismanagement in HUD Audit

If true start naming names and start charging the suspects with crimes. If no one goes to jail on this, what difference does it make if he found $5 in fraud or $500 billion.

 

[Dragonlady]

Sounds like an argument over accounting methods . Not that he "found" billions .

How about an example ?

He found that the Obama administration had STOLEN half a TRILLION dollars. What he found was fraud by the most corrupt administration in history.

Stop lying. There is no evidence of anything other than accounting errors.

Conservatives. - always with accusations never with evidence.

 

[AntonToo]

Dang, 500 Billion found in a Deprtment with ~45 billion budget?

That's awesome, because I just happen to have a Brooklyn bridge to sell you.