Word: audits
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...hooded witness appeared before the President's Commission on Organized Crime and confessed that he had laundered $250 million in drug money through Miami banks. In an effort to stop such large-scale manipulations, a task force of U.S. Customs and Internal Revenue Service agents has, since 1980, been auditing all financial transactions larger than $10,000. But still the traffickers outfox them. One way to defeat the audit: part-timers, from college students to grandmothers, are hired to drive around the country changing the cocaine producers' cash into cashiers' checks worth slightly less than...
...last June. A safety valve on a methyl isocyanate storage tank was still malfunctioning, they conceded, but it was nowhere near the tank that caused the disastrous leak. The firm did acknowledge that no U.S. supervisor had visited the Bhopal plant since the 1982 inspection, and no major audit of the facility had been undertaken in more than two years...
...which has already led to the indictment of six present and former Government workers. According to the indictment, Tax Agent Meyer Weiss examined Nipon's 1978 and 1979 returns and discovered that they were fraudulent. But instead of filing a report with his office, Weiss conducted a phony audit in exchange for the payoff. In November 1980, Nipon made the first of what would be four $50,000 cash payments to another IRS agent, Edmond Costantini, who served as intermediary. In 1982 Costantini paid $15,000 to a third IRS agent so that Nipon's 1980 corporate return...
...idea: empty military buildings could be transformed into shelters for the homeless. Congress happily budgeted $8 million. But even the best-laid plans can get caught in red tape. At a House hearing on the homeless last week, Paul Wright of the General Accounting Office, Congress's audit agency, said most of the money had been spent on routine base maintenance. "What the Defense Department did was to rob the poor box," said Democratic Congressman Ted Weiss of New York...
...June of this year Moon claimed before a Senate Subcommittee chaired by Orrin Hatch (R-Utah) that secret Justice Department memos prove three tax law experts recommended the IRS drop its six-year audit of the Unification Church "because there was no criminal case there." Moon urged that Hatch ask the Justice Department to make public these documents, which he claims show that the tax lawyers were twice overruled by a "high-level political appointee with no political experience...