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Investigation of False Claims against the Bureau of Indian Affairs Loan Guaranty Program

Report Information

Date Issued
Report Type
Investigation
External Entity
Bureau of Indian Affairs
Description
OIG and the Department of Justice (DOJ) jointly investigated allegations that an Indian-owned company made false claims against the Bureau of Indian Affairs (BIA) Loan Guaranty Program. After the company defaulted on its loan and the Government paid $5.06 million to the lender to satisfy the loan guarantee, a review of documents identified suspected false statements that induced BIA to award and then honor its loan guaranty. 
 
DOJ concluded the investigation without activity or prosecution. 
 
This is a summary of an investigative report that was issued to BIA for information.
 
Joint Report
No
Agency Wide
Yes
Local File
InvestigativeSummary_FalseClaimsAgainstBIALoanGuarantyProgram_Public.pdf
Oversight Report File
https://www.doioig.gov/sites/doioig.gov/files/InvestigativeSummary_FalseClaimsA…