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Tag: Stimulus plan

FBI Dir. Mueller Says Stimulus Plan Vulnerable to Fraud

Robert Mueller speaking in N.Y./fbi photo

Robert Mueller speaking in N.Y./fbi photo

There is no question the stimulus package will be a haven for scammers. The package includes a weatherization program , which allows homes to become more energy efficient. That one will open the door  for crooks involved in mortgage fraud. It won’t be pretty.

By Thom Weidlich
Bloomberg
NEW YORK — FBI Director Robert Mueller said the U.S. government’s stimulus package, including the Troubled Asset Relief Program, has “the potential to be the next wave” of cases the agency investigates.

“These funds are inherently vulnerable to bribery, fraud, conflicts of interest and collusion,” Mueller said today (Tuesday) in a speech at the Economic Club of New York. “There is an old adage: Where there is money to be made, fraud is not far behind, like bees to honey.”

He compared possible stimulus-package fraud to Hurricane Katrina relief investigations by the Federal Bureau of Investigation that resulted in 246 convictions in Mississippi and Louisiana.

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