Oops. $200 million (taypayer dollars) unaccounted for in East Point (small GA city)

[cali]

EAST POINT, Ga. (AP) - An audit has revealed that $200 million in taxpayer money has gone missing in the city of East Point over the past 12 years.

Mayor Earnestine Pittman says a forensic audit showed the city spent the money between 2000 and 2012 without issuing purchase orders to account for how the money was used.

Pittman says some of the money may have been put to legitimate use, but also suspects the missing money could be attributed to fraud.

Mark Felton, of Felton Financial Forensics, performed the audit and said the city failed to account for roughly 40% of its purchases between 2000 and 2012.

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http://www.wsav.com/story/22748130/200-million-unaccounted-for-in-east-point

East Point is a city southwest of the neighborhoods of Atlanta in Fulton County, Georgia, United States. As of the 2010 census, the city had a population of 33,712.[3] The city is named for being at the opposite end of the former Atlanta & West Point Railroad from West Point, Georgia.

http://en.wikipedia.org/wiki/East_Point,_Georgia

[CurtEastPoint]

1. my town. sigh...

We are pissed.

[cali]

2. that's an insane amount of money to be unaccounted for

don't blame you for being pissed.

So who do you think embezzled it?

[CurtEastPoint]

5. Too early to tell. I think forensics will show some theft but mostly stupidity.

Not writing shit down, who, when, what for, how much. Pitiful.

[Safetykitten]

3. Well, they could of spent that on a hockey team, like Glendale AZ.

[SixString]

4. My home town.

[dballance]

6. How the hell do you not account for 40% of purchases?

I don't really comprehend that.

[cali]

7. yeah, I'm having trouble wrapping my brain around that as well

I'll be interested to see where this goes.