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Report Blasts FEMA Over Katrina Contracts »

Posted by: STONERS 2 years, 6 months ago

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FEMA exposed taxpayers to significant waste - and possibly violated federal law - by awarding $3.6 billion worth of Hurricane Katrina contracts to companies with poor credit histories and bad paperwork, investigators say.

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STONERS
April 23, 2007, 10:56 a.m.
"Based on our analysis, we concluded that FEMA contracting officials exposed the agency to an unacceptable level of risk," according to the report by the office of inspector general Richard Skinner.
The audit was requested by Sen. Byron Dorgan, D-N.D., chairman of the Democratic Policy Committee, following complaints last year by some small business owners that they were unfairly shut out of the contracting process. It is the latest to detail mismanagement in a multibillion-dollar hurricane recovery effort that investigators say has already wasted more than $1 billion.

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