Credit Blog: Holy Charge Card, Batman!

Thursday, April 10, 2008

Holy Charge Card, Batman!

What ever happened to the purchasing and approval process? According to CNN, in today's news, and according to a Government Accountability Office study released Wednesday, Federal employees charged millions of dollars to government credit and debit cards. The fraudulent charges included Internet dating services, iPods, expensive clothing, a $13,500 dinner and lingerie to be worn during jungle training in Ecuador. The audit also found that the agencies responsible for the cards could not account for nearly $2 million worth of items, which included computer servers, laptop computers, iPods and digital cameras. Shockingly, almost half of all the transactions made in the 2006 fiscal year with government credit or debit "purchase cards" were, according to the GAO, improper. The purchases were either not authorized or did not meet purchase use requirements. Read the story.

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