Sunday, November 11, 2007

Corruption on the Potomac

There is a disheartening local story about some folks at D.C. Office of Tax and Revenue who embezzled $20 million over four years. The Feds moved fast once they were alerted about it. Kudos to the SunTrust Bank employee who questioned a suspicious (and large dollar amount) transaction, and whose notification opened the investigation...but tell me this: How does one move around large sums of money on a regular basis via bogus tax refunds and no one asks
any questions for four years? What, no controls in place? No regular auditing of records? Heck no, this is D.C., The District of Corruption with zero accountability. This place has fully earned its reputation for being chock-full of incompetents.

The really sad thing is that when it's a white-collar crime, many people don't take it seriously, like there are no victims. Please keep in mind that this is taxpayer funds, and to a huge degree.

Update 11/15/07: In yesterday's WaPo is an article about the above scam and how it looks more like $30 million was stolen over a seven-year period. Yeah, the scumbugs got caught, but they were doing fine for SEVEN YEARS. It makes one wonder why one bothers to do things honestly and diligently. What's the motivation to do right (and all the suckiness that that entails) when you're going to have to pay in some way for all the wrong-doing others do? Because virtue is its own reward? Huh? But it gets even better: an article in today's WaPo states that the DC auditor flagged the Tax Office because of a notable spike in tax refunds...in 2004!!! She recommended closer monitoring of the office back then. Read and weep.

1 comment:

Colleen Moore said...

Hey, Renee...
I found your blog, man. I like this post, btw. I am glad the s.o.b.s. got caught. sadly, though, not soon enough. i am definitely in favor of oversight, especially where large sums of money are involved. unfortunately, no one is immune to corrucption.