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Category Archive: Department of the Treasury

IRS Gives Prisoners Millions in Tax Returns

While law-abiding citizens get slammed with higher taxes, incarcerated criminals who prepare fraudulent returns are getting tens of millions of dollars from the Internal Revenue Service (IRS) and the agency is doing little to stop the hemorrhaging. It gets better; the number of fraudulent tax returns filed by prisoners—and the money doled out by the

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At U.S. Treasury Golf During Work, Hookers, Illegal Gifts

Officials at the agency responsible for protecting the integrity of the nation’s financial system—the U.S. Treasury—have been busted for serious misconduct, including soliciting hookers, violating gift rules and using government credit cards for unauthorized personal charges, according to a scandalous government report made public this month. The internal document was posted last week on the

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Taxpayers Stuck With Billions In TARP Losses

While the Obama Administration laughably claims that its disastrous bank bailout has turned a profit, a federal investigation reveals this week that hundreds of small financial institutions can’t afford to repay the government loans and its costing U.S. taxpayers tens of billions of dollars. This is hardly earth-shattering news considering the well-documented history of the

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