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Report Fraud, Waste and Abuse
August 27, 2018
  • Housing
2018-FO-1802
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2018-FO-1802.pdf

On February 28, 2018, Deloitte entered into a settlement agreement with the Federal Government, agreeing to pay $149.5 million, of which $115 million was restitution.  Deloitte settled allegations for alleged conduct in connection with its role as the independent outside auditor of TBW for TBW’s fiscal years that ended April 30, 2002, through April 30, 2008.  The settlement agreement was neither an admission of liability by Deloitte nor a concession by the United States that its claims were not well founded.

Recommendations

General Counsel

  •  
    Status
      Open
      Closed
    2018-FO-1802-001-A
    $115,000,000.00
    Questioned Costs

    Recommendations with questioned costs identify costs: (A) resulting from an alleged violation of a law, regulation, contract, grant, or other document or agreement governing the use of Federal funds; (B) that are not supported by adequate documentation (also known as an unsupported cost); or (C) that appear unnecessary or unreasonable.

    Closed on August 27, 2018

    Acknowledge the settlement amount of $149,500,000 and that $115,000,000 of the settlement represents restitution due HUD less DOJ’s civil debt collection fees.