Reports Show Massive Mismanagement And Fraud At HUD

Reports Show Massive Mismanagement And Fraud At HUD

Ben Carson discovers massive mismanagement and fraud in Obama’s HUD - Liberty Unyielding

Even after allowing the agency to work on its problematic ledgers, the IG was still unable to resolve all of the problems with its books. This means that Dr. Carson's first task isn't to get about the business of helping the people HUD is meant to help. No, his first task is going to be solving the problems created by Democratic mismanagement.

Department of Housing and Urban Development's (HUD's) financial books are in such bad shape that HUD's Inspector General (IG) can't complete an audit even after HUD officials corrected $520 billion in bookkeeping errors.

Officials at HUD fixed $3.4 billion in errors from its 2015 books and $516.4 billion in errors from its 2016 books after the IG in December was unable to issue an opinion on either year's financial statements and highlighted 11 material weaknesses, seven significant deficiencies and five instances of failure to comply with laws and regulations.

These same problems have been reported for three straight years by the IG.

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