Former State Department worker, husband sentenced for contracting fraud

Waste, Fraud & Abuse as well as Sacred Honor Lost alert: (Washington Post) A Stafford, Va., woman who prosecutors say concealed her marriage and used her job at the State Department to funnel tens of millions of dollars in government contracting work to a company she and her husband ran was sentenced to two years in […]

Behind the Pentagon’s doctored ledgers, a running tally of epic waste

OUTRAGEOUS, MIND BOGGLING and disgusting. Be sure to read the entire article: Behind the Pentagon’s doctored ledgers, a running tally of epic waste (Reuters) . . . . At the DFAS offices that handle accounting for the Army, Navy, Air Force and other defense agencies, fudging the accounts with false entries is standard operating procedure, Reuters has found. And […]

Moles in US Navy helped defense contractor bilk government

Takeaway point: “Affidavits filed by investigators demonstrate how easy it was for a foreign contractor to allegedly pry loose secrets from the Navy with age-old temptations: sex and money.” (Washington Post) For the past four years, Navy officials strongly suspected they were being ripped off by a major defense contractor that resupplied ships and submarines […]

Senior officer, NCIS agent are among those arrested in Navy bribery scandal

(Washington Post)  The U.S. Navy is being rocked by a bribery scandal that federal investigators say has reached high into the officer corps and exposed a massive overbilling scheme run by an Asian defense contractor that provided prostitutes and other kickbacks. Among those arrested on corruption charges are a senior agent for the Naval Criminal Investigative Service […]

Ex-Govt official sentenced in contracting scheme of ‘historic proportions’

Sacred Honor Lost: (Washington Post) He was a career federal bureaucrat with a dark side, inflating government contracts by millions of dollars and then shaking down contractors for the proceeds. The money funded a lavish and sordid lifestyle — a real estate empire in Northern Virginia, leased BMWs, Neiman Marcus shopping sprees, and mistresses in three […]

How Do You Spot The Thief Inside Your Company?

Insider fraud costs $3,500,000,000,000 (t-r-i-l-l-i-o-n) and your company is a target. Some facts from this recommended article for security officers: Businesses, on a global basis, experience losses of about 5% each year from schemes executed by and with employees. The median loss was about $400,000, and in one-fifth of businesses that were surveyed in the ACFE […]

Sacred Honor Lost – 19 Dec 2012

“All men that have honor are kings, but not all kings have honor…. Honor is what no man can give you and none can take away. Honor is a man’s gift to himself.” – from the movie Rob Roy “Rather fail with honor than succeed by fraud.” —Sophocles These people have lost their sacred honor: […]

Sacred Honor Lost – 5 Dec 2012

Everyone of these people who stole, lied, cheated, scammed, swindled or otherwise tried to gain financially through conducting Waste, Fraud and Abuse (WFA) have lost their Sacred Honor. Their money has no value, and now their reputation has no value. Security officers: The value and importance of a securty office goes beyond just counterng espionage — The […]

Zombie Waste

Hot on the heels of his other two reports on government waste (Wastebook 2012, Department of Everything -DOD), Senator Tom Coburn has released yet another report on government waste, this time focused on the Department of Homeland Security. At the rate he’s going of calling out wasteful spending of American taxpayers dollars by the US Government, […]

WFA Alert: The Department of Everything

When you pay your taxes on April 15 or out of your paycheck each pay period, how do you feel about your money you worked for being wasted by people in government agencies who don’t consider where the money they are spending originally came from? You hope all that your taxes are going to something […]