Treasury Gone Wild

Image by flickr user woodleywonderworks

Image by flickr user woodleywonderworks


Treasury Department officials solicited prostitutes, engaged in conflicts of interest, and accepted unethical gifts, according to the agency’s inspector general.

The Hill reports:

In 2010, an OTC employee “misused” government resources to solicit prostitutes on three separate occasions via Craigslist. While working at the OTC, investigators said, the government staffer “viewed websites offering erotic services on a weekly basis as well as communicating with and arranging meetings with women offering erotic services.” […]

In another finding, the OIG cited an OCC staffer for accepting golf fees and meals from bank executives. The staffer, who had received ethics training, said he believed playing golf with industry officials under the purview of OCC was “a condoned activity.” […]

OIG found other financial conflicts of interest with the OCC relating to contract bids and the acceptance of improper gifts such as flowers, meals and at least one limousine ride. A separate Treasury official was deemed to have a financial conflict of interest in 2010 when the bank examiner disclosed he had an overdraft protection line of credit loan from a financial institution that was regulated by the OTS.