When he was nominated by President Donald Trump to serve as Secretary of Housing and Urban Development, famed neurosurgeon Ben Carson was subjected to withering criticism from leftist Democrats.
They challenged his credentials for the post, arguing he couldn’t do the job because of his lack of political experience.
In just a matter of a few weeks, Carson has shown he is more than up to the task of managing the massive agency. He ordered an Inspector General (IG) to audit the agency in order to get a real grasp on HUD’s financial condition.
What was uncovered is a shocking amount of waste and financial mismanagement, which Carson has made public. Learn more about the scope of the bookkeeping errors that plague HUD on the next page.
There’s a reason Barry is hanging out in countries with no US extradition treaty.
Money this size is invisible……but..NSA…They are in on it…or they find it…if not drain/ eliminate this program.
Just follow the money it’s not very hard.
Well of course he is lying. He’s a conservative.
Omgosh! So sad!
Ben Carson did not uncover this
F**e news here
T&A. NOW FOR THE REST OF THE STORY (BTW is the TRUTH)
‘The referenced audit was actually initiated by HUD’s Office of the Inspector General (OIG), who originally issued an independent auditor’s report on 15 November 2016 (over two months before Dr. Carson was confirmed as the new HUD secretary), along with a disclaimer noting that many discrepancies and information gaps existed within HUD’s financial statements and notes. That report was subsequently replaced with a “reissued” version dated 1 March 2017.
The OIG is the enforcement arm of HUD and has been led by Inspector General David Montoya since 2011. Their revised audit report issued on 1 March 2017 deals with “pervasive material errors” found in HUD’s 2015 and 2016 consolidated financial statements:
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.
The process of auditing HUD and identifying errors in their financial reports began in 2016, according to the report:
Like one other person mentioned…the entire administration was a crime ring…..HUD is too big, too complex and too convaluted to manage…..
if it were easy and hud has a billions of fraud situation there would be arrests by now, there is still a rule of law and due process, not just opinion