TARP legal bills paid w/ ‘no descriptions of work’ | WASH Ex
By MB Snow at September 29, 2011 | 11:06 am | Print
Christy Romero, the acting special inspector general (SIG) for the Troubled Asset Relief Program, released a report saying that the Treasury Department’s Oiffice of Financial Services paid $25.5 million in TARP-related legal fees and expenses to four law firms even when the bill paid did not detail the work performed by the law firm or when the charge was “not allowed under the contract.”
The SIG report “found weaknesses” in the OFS bill payment procedures and that OFS had paid bills that offered “no descriptions of the work performed” or contained other problems, such as: