Ben Carson Finds $500 Billion in Fraud Mismanagement in HUD Audit – Yet Mainstream Media Remains Silent!

Isn’t it funny how the mainstream media just misses certain stuff? Well, Ben Carson finds $500 billion in fraud mismanagement in HUD audit. Yet we don’t hear a peep from the MSM.

Dr. Carson dug deep into the records of the agency and was able to find some big-time errors that happened during the Obama administration. This proves one of two things. They were either totally incompetent or completely corrupt. They’ve proven to be both at times, so pick your poison.

Ben Carson Finds $500 Billion in Fraud Mismanagement in HUD Audit

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Here is the HUD Report that found $500 billion in fraud mismanagement.

What We Found

The total amounts of errors corrected in HUD’s notes and consolidated financial statements were $516.4 billion and $3.4 billion, respectively. There were several other unresolved audit matters, which restricted our ability to obtain sufficient, appropriate evidence to express an opinion. These unresolved audit matters relate to (1) the Office of General Counsel’s refusal to sign the management representation letter, (2) HUD’s improper use of cumulative and first-in, first-out budgetary accounting methods of disbursing community planning and development program funds, (3) the $4.2 billion in nonpooled loan assets from Ginnie Mae’s stand-alone financial statements that we could not audit due to inadequate support, (4) the improper accounting for certain HUD assets and liabilities, and (5) material differences between HUD’s subledger and general ledger accounts. This audit report contains 11 material weaknesses, 7 significant deficiencies, and 5 instances of noncompliance with applicable laws and regulations.

Here is a screenshot of the .pdf that highlights the findings of Dr. Carson.

Ben Carson Finds $500 Billion in Fraud Mismanagement in HUD Audit, Mainstream Media, MSMTrump has been opposed big-time by the left as well as the mainstream media. This shows once again their reporting bias keeps the facts from the people who rely on them.

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