You're in the wrong business

[Turdacious]

The Justice Department's internal watchdog says the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives mounted dozens of undercover investigations into illicit cigarette sales without proper approval. It says the agency misused some of $162 million in profits from the stings - including overpaying an informant by millions of dollars - and lost track of at least 420 million cigarettes.

The ATF's new director, B. Todd Jones, said the audit covered only selected ATF investigations between 2006 and 2011, and that the agency had tightened its internal guidelines since then.

The report cited a widespread lack of ATF oversight in the agency's use of "churning investigations," undercover operations using proceeds from illicit cigarette sales to pay for ATF expenses.

Department of Justice spokesperson Rob Storch said in a press release that in one specific case they audited, "approximately $15 million of cigarettes were sold in an 18-month period, and a confidential informant for the investigation was allowed to keep more than $4.9 million of the $5.2 million of gross profit generated without submitting adequate documentation supporting his expenses."

http://www.cbsnews.com/8301-201_162-576 ... hdog-says/

[Master_Blaster]

The Justice Department's internal watchdog says the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives mounted dozens of undercover investigations into illicit cigarette sales without proper approval. It says the agency misused some of $162 million in profits from the stings - including overpaying an informant by millions of dollars - and lost track of at least 420 million cigarettes.

The ATF's new director, B. Todd Jones, said the audit covered only selected ATF investigations between 2006 and 2011, and that the agency had tightened its internal guidelines since then.

The report cited a widespread lack of ATF oversight in the agency's use of "churning investigations," undercover operations using proceeds from illicit cigarette sales to pay for ATF expenses.

Department of Justice spokesperson Rob Storch said in a press release that in one specific case they audited, "approximately $15 million of cigarettes were sold in an 18-month period, and a confidential informant for the investigation was allowed to keep more than $4.9 million of the $5.2 million of gross profit generated without submitting adequate documentation supporting his expenses."

http://www.cbsnews.com/8301-201_162-576 ... hdog-says/

No fucking shit....

[WildGorillaMan]

That's some impressive banditry.

And that's just cigarettes. How much money did the ATF make on the guns they sold to the Mexicans?