Re:Texas woman gets 15 years for stealing $109M from Army to...
by Aurornis on Saturday July 27, 2024 @04:25PM
(#41089084)
> We'll never know because there is no transparency.
How would you have recognized this fraud even if every number and piece of paperwork landed in your lap? The person created a real-looking business and leveraged her connections to get real-looking approvals for grant programs. If it wasn't immediately obvious to the people reviewing the grant paperwork who understand the system, what makes you think you or anyone else would be able to spot it?
The fraud investigation requires a lot of resources, investigation, and access to personal banking records. That's how they discovered what the money was spent on.
> Public funds should not be distributed in cash or with checks like in the 19th century. The technology to make stealing our taxes impossible exists, but interestingly politicians of all people have been fighting against recognizing and properly regulating it.
What are you talking about? There is no technology that makes fraud like this impossible. The means of transferring money is not the part of the story that enabled the fraud. Investigators had no problem identifying where the money went. The article spells out exact dollar amounts spent on everything from jewelry to property.
How would you have recognized this fraud even if every number and piece of paperwork landed in your lap? The person created a real-looking business and leveraged her connections to get real-looking approvals for grant programs. If it wasn't immediately obvious to the people reviewing the grant paperwork who understand the system, what makes you think you or anyone else would be able to spot it?
The fraud investigation requires a lot of resources, investigation, and access to personal banking records. That's how they discovered what the money was spent on.
> Public funds should not be distributed in cash or with checks like in the 19th century. The technology to make stealing our taxes impossible exists, but interestingly politicians of all people have been fighting against recognizing and properly regulating it.
What are you talking about? There is no technology that makes fraud like this impossible. The means of transferring money is not the part of the story that enabled the fraud. Investigators had no problem identifying where the money went. The article spells out exact dollar amounts spent on everything from jewelry to property.