Obama Administration Official Pleads Guilty to Stealing $843K in Tax Money

By Warner Todd Huston
3:50 pm October 4, 2014

A member of Obama’s Department of Housing and Urban Development has pleaded guilty to stealing over $800,000 from the taxpayers this month.

HUD loan specialist Brian Thompson stole $843,000 by selling properties that became owned by the government due to foreclosure. But instead of putting the money in the US Treasury like he was supposed to he diverted the cash to his own pockets.

When Barack Obama came to power he claimed that he’d have the most ethical presidency in history. But with scandal after scandal hitting him year in and year out, that claim seems like so much smoke blowing, doesn’t it?
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.
There’s yer ethics for ya!

- See more at: http://www.libertynews.com/2014/10/o....LEo09hOx.dpuf