Subject: Fraud, waste and abuse
It's springtime and the smell of corruption is in the air.
There has seldom been a better time for the wealthy oligarchs to suckle on Uncle Sam's sweet teat.
What Happened: Tom Krause, CEO of Cloud Software Group, has been appointed the Treasury Department’s fiscal assistant secretary while retaining his private-sector role. Cloud Software holds federal contracts worth up to $11.8 million, including deals with the Treasury.
Why It Matters: This unprecedented dual role raises significant conflict-of-interest concerns, as Krause could influence federal contracting decisions that benefit his company, undermining ethical safeguards in government procurement.
Source: WIRED