Review of SADF Disbursements

AIMD-96-114R: Published: Jun 26, 1996. Publicly Released: Jun 26, 1996.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO reviewed disbursements from the U.S. Marshals Service's seized asset deposit fund (SADF) for the Central District of California between 1993 and 1995. GAO noted that: (1) as of December 1995, the fund's balance was $59.1 million; (2) proper disbursements from the fund included remittances to property owners, payments to innocent third parties, and mortgage payments on seized property using rental income; (3) there were disbursements and transfers that were not properly authorized, or were authorized after the transaction had occurred, and there was one disbursement that was not paid consistent with a related court order; (4) it was not able to determine the appropriateness of three disbursements because supporting documentation was inadequate; (5) other internal control weaknesses included the lack of adherence to written policies and procedures, and inadequate segregation of duties over the disbursement process; (6) there were instances where inadequate management of seized real property caused property to deteriorate and mortgages to be paid late; and (7) the federal government has incurred unnecessary losses because of these property management problems.

May 15, 2019

May 9, 2019

Mar 29, 2019

Mar 28, 2019

Mar 26, 2019

Feb 14, 2019

Jan 31, 2019

Jan 10, 2019

Dec 7, 2018

Looking for more? Browse all our products here