Thursday, January 12, 2006

Fraud on the Bayou?

Note: Thanks to www.agacgfm.org for providing the link to GovExec

The Department of Homeland Security reports that 330 cases of possible fraud have been opened, 77 indictments handed down (65 since the end of October) and 11 convictions of fraud have occurred in the wake of Hurricane Katrina. Part of the strategy to fight fraud has from a Hurricane Audit Task Force bringing together auditors from a number of different Federal agencies. About 5,000 Federal contracts amounting to $8.3 billion are under special scrutiny. One of the sources of concern is the number of contracts with limited or no (single-s0urce) competition with about 550 contracts falling into the limited or no competition category.

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