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Energy Dept. ‘Unable to Locate’ $500,000 in Equipment Bought With Stimulus Money
(CNSNews.com) – An audit conducted by the Energy Department’s Office of Inspector General was “unable to locate” $500,000 worth of equipment purchased with stimulus money by a recipient of funds distributed through the deparment’s “Advanced Batteries and Hybrid Components Program,” according to an audit report published by the OIG.
The DOE said it would not be “appropriate” to release the name of stimulus-money recipient where the $500,000 worth of equipment could not be located.
The program was given nearly $2 billion in stimulus funds “to support the construction of U.S. based battery and electric drive component
manufacturing plants.” As of June, DOE had “expended” about $1.2 billion of that money and had made grants to “30 for-profit manufacturers,” according to the July 10 audit report.
One of the three “conclusions and observations” the OIG made in the report is that more should be done to “ensure recipients adequately safeguard equipment purchased with federal funds,” the audit states.
“We were unable to locate equipment purchased by one recipient totaling about $500,000,” the audit states.
Tim
July 18th, 2012
More corruption by the Obama Mal-Administration …
How long do we put up with this?
cfm990
July 18th, 2012
The DOE said it would not be “appropriate” to release the name. HORSE SHIT! If that was Smith & Wesson or Exon, their name would be part of the headline.
venturaguy
July 18th, 2012
“The DOE said it would not be “appropriate” to release the name of the Obama bundler where the $500,000 worth of equipment could not be located.”
FIFY
Somebdy at DOE needs to lose their job and some body at the company that cannot account for this equiptment needs to go to jail.
Sadly, it will never happen
Maudie N Mandeville
July 18th, 2012
Energy Secretary Steven Chu will be out of the office until this blows over.
Corona
July 18th, 2012
Look up their noses.
CPT. Charles
July 18th, 2012
Yet more tax-payer funds disappear into somebody’s pocket… I wonder what Dear Leaders ‘cut’ of the take was?
House of Kell
July 18th, 2012
Well shit….y’all didn’t think obama was paying for all those attack ads out of his own money, did you?
reddecaesari
July 18th, 2012
news update
used vibrators, valued at half a mil, were located in the unisex bathroon at d.o.e.
Mark Zist
July 18th, 2012
Thieves henceforth will be referred to as “relocation consultants”.
duuuh
July 18th, 2012
what? super-secret perv-cams and digital recording devices for placement in the women’s / transgendered’s cans are FRIGGING expensive
Cruisin' Cat
July 18th, 2012
This is only one of thousands of government entities with a “not our money, why should we give a shit” attitude.
I shudder to think how many and what type of arms have disappeared from military posts.