BUSINESS
April 26, 2012 | By Jim Puzzanghera, Los Angeles Times
WASHINGTON — The government's watchdog for the $700-billion Troubled Asset Relief Program disputed suggestions the bailout fund would turn a profit for taxpayers and warned that many small banks are still struggling to repay. "It is a widely held misconception that TARP will make a profit," said a report by Christy Romero, the special inspector general for TARP. The Obama administration has said TARP has turned a profit on about $205 billion injected into banks, but still projects losses for the entire fund.
NATIONAL
April 23, 2012 | By Ian Duncan, Washington Bureau
WASHINGTON - It was a simple scam: Coleen Newton-White, a government contractor, and her husband would take General Services Administration credit cards from the motor pool at Ft. Monroe, Va., and use them to sell fuel at a discount to cash customers who pulled up to service stations five at a time. Between 2008 and 2010, the scheme netted the couple almost $300,000, according to court records. Although the gas scheme is a world away from the nearly $823,000 spent on a lavish Las Vegas-area conference put on by GSA official Jeff Neely - including a mind reader, sushi and in-room parties - it is an example of the fraud that the procurement and property management agency faces regularly.
NATIONAL
April 17, 2012 | By Ian Duncan, Washington Bureau
WASHINGTON — The General Services Administration's inspector general is investigating possible kickbacks and bribes in an agency already shaken by a scandal over a pricey Las Vegas-area conference, he told a congressional hearing Monday. In response to questions from Rep. Darrell Issa (R-Vista), chairman of the House Committee on Oversight and Government Reform, Brian Miller said he was investigating "all sorts of improprieties, including bribes, possibly kickbacks. " "We do have other ongoing investigations," Miller said, adding that witnesses told him waste was "widespread" in the GSA's Pacific Rim region, which staged the Las Vegas-area conference for nearly $823,000 in 2010.
CALIFORNIA | LOCAL
March 22, 2012 | By Jason Song, Los Angeles Times
The city of Los Angeles could get an additional $350 million in savings and additional revenue by going after uncollected fees, better managing properties and contracting with local businesses, according to a series of reports released Thursday. The recommendations were made by a volunteer commission appointed by the City Council in 2010. The seven-member group also strongly recommended that city leaders appoint an inspector general to oversee collections. Los Angeles officials have been trying to hire someone for the position for more than a year.
CALIFORNIA | LOCAL
February 8, 2012 | By David Zahniser, Los Angeles Times
FBI agents probing allegations of bribe-taking at the Los Angeles Department of Building and Safety have obtained records and questioned individuals about a soft-spoken building inspector who retired from his post nearly a year ago. Federal investigators have interviewed current and former department employees about Samuel In, a Korean-speaking employee who had been assigned to Koreatown and nearby neighborhoods. Building and Safety officials have responded to a grand jury request for documents on In, who quit his job last May, two days after he was placed on administrative leave amid an internal corruption investigation.
CALIFORNIA | LOCAL
January 8, 2012 | By David Zahniser and Jessica Garrison, Los Angeles Times
As a senior city housing inspector, Ronald Diaz's job is to be an impartial, frontline guardian of safe and habitable apartment living in Los Angeles. But according to testimony and statements given to city and state officials, Diaz also allegedly improperly moonlighted as an unlicensed contractor with some unorthodox billing practices: A North Hills woman accused him of offering a $1,000 discount if she would send him a text message with a picture of her bare breasts — and upping the offer to $2,000 when she ignored him. Diaz, 49, was charged Dec. 30 with five misdemeanor counts, including grand theft, attempted grand theft and contracting without a license.