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Awesome: DOE Has No Idea What Happened to $500,000 in Stimulus Cash

Val and the"ax" deposited in their off shore accounts.
Mark442 Wrote: Jul 19, 2012 3:41 PM
That is exactly what I have been saying about many millions of our stimulus dollars.
That's probably why they didn't stimulate anything.

Solyndra, Fisker... If you thought nightmare stimulus fallout couldn't get worse, you thought wrong. An audit by the Department of Energy concluded that the agency has no idea what happened to $500,000 worth of stimulus cash granted to an unnamed company. The recipient failed to keep adequate records, and so the money has basically disappeared. Half a million dollars, and nothing to show for it.

The program was given nearly $2 billion in stimulus funds "to support the construction of U.S. based battery and electric drive component manufacturing plants." As of June, DOE had "expended" about $1.2 billion of...