"Inspector General Finds 0.07 Percent Rate Of Fraud In Energy Stimulus Spending"
Gregory H. Friedman is slated to tell lawmakers that the Energy Department‘s efforts to quickly distribute $35.2 billion in economic stimulus funding “was more challenging than many had originally envisioned.” [...] Friedman’s appearance Wednesday is meant to summarize the more than 100 investigations conducted by his office into the department’s stimulus spending. To date, the office has recovered $2.3 million in stimulus fraud and has sparked five criminal prosecutions.
Friedman identified that a large amount of stimulus spending is still in the pipeline at the local level: “45 percent of stimulus dollars distributed by Energy still hadn’t been spent by state and local government as of Oct. 22.” The nearly $16 billion yet to be spent should provide a significant boost to the local economies as it reaches businesses, manufacturers, and workers.
Bizarrely, the O’Keefe portrayed the 99.93 percent success rate of clean energy spending this way: “Energy Department couldn’t manage stimulus money.”