Reply to The $3.2 million home bought by the military

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't know if you have a thing against DMV feds in particular, but according to the article she was in the “U.S. Army at Fort Sam Houston in San Antonio, Texas as a CYS Financial Program Manager - where she was able to allegedly move money into her shell company." C'mon, reading skills, folks. [/quote]

So she did use a shell company? (I'm not reading then articles but reading the thread with interest)[/quote]

Yes.

Her employer seems to be some sort of accounting/financial controller firm that has access to authorize payments from the U.S. Army to various contractors for services rendered. She created a shell company that provided fictitious services to the U.S. Army, using her access at her job + forging her boss’s signature to direct $100M in payments from the Army to her shell company.

She then wired money directly from the shell company to her personal bank account to buy 31 properties and 80+ vehicles in cash over the course of six years. The IRS flagged her transactions as there was no legit source of income for the monies; she did not pay personal income taxes on the monies received and the shell company paid no corporate taxes.

The IRS unwound the entire scheme and notified the U.S. Army.

I imagine there are so many of these schemes happening right now in defense contracting. There is no way to audit (1) where the money is going and (2) if we are actually getting the services promised. The compliance element has all been delegated to other contractors! [/quote]

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