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Showing 1 - 10 of 17 results
Federal Reserve Board & CFPB OIG

FRB Minneapolis Followed Its Paycheck Protection Program Liquidity Facility Collateral Risk Management Processes and Can Enhance Monitoring and Collection Processes

Federal Reserve Board & CFPB OIG

The CFPB Effectively Monitors Consumer Complaints but Can Enhance Certain Processes

Mississippi Office of the State Auditor

Mississippi’s Historic Unemployment Fraud

The Mississippi Department of Employment Security (MDES) administers Mississippi’s unemployment benefits programs. With the influx of jobless claims and COVID relief aid as a result of the pandemic, total unemployment benefit claims increased from $59.6 million in FY 2019 to $2.1 billion in FY 2020. With this infusion of money came massive fraud and misspending. For example, from FY 2020 to FY 2021, known overpayments increased from $118 million to $474 million. The massive loss of money from Mississippi’s unemployment fund is partially the result of MDES bypassing or altering their own...
Federal Reserve Board & CFPB OIG

The Board and FRB Boston Generally Followed Their Process for Purchasing MSLP Loan Participations but Can Formally Document Some Key Processes

Kansas Legislative Division of Post Audit

COVID Relief Funding Distribution

Our audit objective was to answer the following questions: (1) What is Kansas’ process for distributing COVID relief funding?; and (2) Have Kansas’ distributions of COVID relief funding been appropriate? The scope of our work included examining the distribution process for CARES Act and American Rescue Plan Act funding. Additionally, we evaluated a sample of CARES Act expenditures made in 42 Kansas counties.