Article

2014-10-05 -Lurid Crime Tales-

HUD Official Pleads Guilty To Stealing $843,000 In Taxpayer Funds

[DAILYCALLER] Former Housing and Urban Development loan specialist Brian Thompson pleaded guilty Thursday to stealing $843,000 of taxpayer money in a wire fraud scheme.

Thompson was responsible for selling properties acquired by the government after borrowers defaulted on their HUD-guaranteed mortgages. Specialists like Thompson were tasked with ensuring the sale of these properties at the best possible price to reimburse the government for taxpayer funds made to mortgage lenders for insured loans. Instead, he funneled portions of the proceeds into bank accounts he controlled, netting himself $843,000 in the process.

Thompson scheme went undetected for nearly a year. To conceal his fraud, he fabricated settlement documents with false sales prices and even buyer names.

Posted by Fred 2014-10-05 00:00|| || Front Page|| [11127 views ] Top

#1 'A million here, a million there, pretty soon you're talking about real money.' - Sen. Dirksen
'We get the warhead and we hold the world ransom for... ONE MILLION DOLLARS!' - Austin Powers

Posted by Glenmore 2014-10-05 09:43|| 2014-10-05 09:43|| Front Page Top

#2 Yes, Dirksen is often misquoted as "A billion here and a billion there...."

Which is only a thousand times worse than the (R) Senator from Illinois worried about.

Posted by Bobby 2014-10-05 10:57|| 2014-10-05 10:57|| Front Page Top

#3 I sure the perp just thought of it as another 'entitlement program'. You get that way after a while when doling out re-election money from the Treasury.

Posted by Procopius2k 2014-10-05 12:19|| 2014-10-05 12:19|| Front Page Top

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