U.S. hurricane aid fraud likely tops $1 bln
Reuters.com
WASHINGTON - Fraud involving payments supposed to help victims of Hurricanes Katrina and Rita likely exceeds earlier estimates of $1 billion and only a tiny fraction of the money has been recovered, according to a U.S. government report released on Wednesday.
A February estimate that improper payments could be $1 billion 'is likely understated,' the Government Accountability Office, the investigative arm of Congress, said in the report to the Senate Homeland Security and Government Affairs Committee." More.
WASHINGTON - Fraud involving payments supposed to help victims of Hurricanes Katrina and Rita likely exceeds earlier estimates of $1 billion and only a tiny fraction of the money has been recovered, according to a U.S. government report released on Wednesday.
A February estimate that improper payments could be $1 billion 'is likely understated,' the Government Accountability Office, the investigative arm of Congress, said in the report to the Senate Homeland Security and Government Affairs Committee." More.
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