A former loan specialist at the Department of Housing and Urban Development has pled guilty to several counts of wire fraud after he stole $843,000 in taxpayer money. Daily Caller: Thompson was responsible for selling properties acquired by the government after borrowers defaulted on their HUD-guaranteed mortgages. Specialists like Thompson were tasked with ensuring the sale of these properties at the best possible price to reimburse the government for taxpayer funds made to mortgage lenders for insured loans. Instead, he funneled portions of the proceeds into bank accounts he controlled, netting himself $843,000 in the process. Thompson scheme went undetected for nearly a year. To conceal his fraud, he fabricated settlement documents with false sales prices and even buyer names. “Brian Thompson exploited his government job to rob the American taxpayer of more than $800,000,” said U.S. Attorney Ronald Machen. “This crooked HUD employee diverted the...(Read Full Post)