Chairman Earl Devaney Describes Recovery Board's Fraud Prevention Efforts

WASHINGTON, July 19 /PRNewswire-USNewswire/ -- In a column posted on Friday on Recovery.gov, Chairman Earl E. Devaney of the Recovery Accountability and Transparency Board described how the Recovery Board implemented a strong oversight program designed to detect and prevent fraud in the economic stimulus program.

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Writing in his Chairman's Corner, Devaney said that the Board established the Recovery Operations Center, which combines traditional law enforcement analysis with sophisticated software tools, government databases and open-source information to track Recovery awards and the flow of money.

"Simply put,'' Devaney explained, "our skilled analysts look for early warning signs'' indicating that Recovery funds might be misused. He also detailed how the Board's procurement staff uses "old-fashioned shoe leather,'' plowing through individual Recovery awards to identify problem issues.

Devaney lauded the Inspectors General in various federal agencies, noting that they have been "tenacious partners in our anti-crime efforts, initiating hundreds of investigations, audits and reviews in the past year.''

The full text of the Chairman's Corner can be found on Recovery.gov.

Watch a video of the Recovery Operations Center

The Recovery Board was created in February 2009 to provide accountability and transparency in the expenditure of Recovery monies.  It is the agency charged with running the federal website where Americans can find details on the Recovery projects under way in their neighborhoods, their states or around the country. The website also provides information on federal agencies' plans to disburse Recovery money and gives individuals an opportunity to report suspicions of fraud, waste and abuse.  

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SOURCE Recovery Accountability and Transparency Board

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