In the latest outrage involving President Obama’s disastrous stimulus, a federal probe has determined that thousands of companies that got cash under the fraud-infested program have cheated the government out of hundreds of millions of dollars in taxes.
At least 3,700 recipients of stimulus money owe Uncle Sam more than $750 million in taxes, according to a report published this week by the investigative arm of Congress known as the Government Accountability Office (GAO). The recipients got a combined $24 billion in Recovery Act funds, according the probe, which also found that more than a dozen likely committed crimes.
The offenders include individuals, businesses and other entities. Examples listed in the report include a security firm that owed more than $9 million in payroll taxes when it got $100,000 in stimulus funds, a health care nonprofit that received over $100,000 despite bailing on $4 million in payroll taxes and a construction firm that got around $1 million even though it owed the Internal Revenue Service (IRS) over $700,000.
The taxpayer dollars were carelessly disbursed with little scrutiny as part of….