Category Archives: MASSIVE HUD FRAUD

Ben Carson Uncovers Massive HUD Fraud Under the Obama Administration

Ben Carson Uncovers MASSIVE HUD FRAUD Under the Obama Administration

Liberals called President Trump’s selection to run HUD “unqualified.” That’s right. For Leftists, a brain surgeon wasn’t qualified to understand housing. Worse yet, we now learn that Obama’s HUD was completely inept.

The inspector general (IG) for the Department of Housing and Urban Development (HUD) revealed this week that for three straight years, Obama’s HUD staff cooked the books. These morons wouldn’t know a balance sheet from a fitted sheet.

HUD’s books are in such bad shape that the IG can’t complete an audit on their second try.

Here’s what happened on the first try:

According to the IG report, after the first review, Obama staffers had to correct a whopping $520 billion in bookkeeping errors.

When the IG remained unable to issue an opinion for fiscal years 2015 or 2016, he gave Obama staffers a three-month extension. Thus, their reprieve allowed them to fix $3.4 billion in 2015 errors and $516.4 billion in 2016 errors.

After HUD’s re-submission of paperwork, 11 material weaknesses, seven significant deficiencies, and five instances of failure to comply with laws and regulations remained unresolved.

The continued problems “were due to an inability to establish a compliant control environment, implement adequate financial accounting systems, retain key financial staff, and identify appropriate accounting principles and policies,” the IG said…

Source: Ben Carson Uncovers Massive HUD Fraud Under the Obama Administration | Opinion – Conservative

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