August 24th, 2012
(DailyBail) – Nice hire, Dimon. Is there any fraud, theft, or border-patrol murder that doesn’t have JPMorgan’s fingerprints on it?
Meet Deputy Assistant ATF Director William McMahon
In an unusual arrangement, a senior official of the Bureau of Alcohol, Tobacco, Firearms and Explosives involved in the controversial gun operation Fast and Furious is receiving his government salary while working full time for the investment bank J.P. Morgan, according to two Republican lawmakers.
In a letter Tuesday to B. Todd Jones, the acting ATF director, Rep. Darrell Issa (R-Calif.) and Sen. Charles E. Grassley (R-Iowa) said that Deputy Assistant ATF Director William McMahon,who oversaw the agency’s Western region during the Fast and Furious operation, has been receiving two salaries simultaneously.
The lawmakers said the ATF apparently approved allowing McMahon to remain on paid leave for four or five months while working for the investment bank in order to reach retirement eligibility.
“ATF has essentially facilitated McMahon’s early retirement and ability to double dip for nearly half a year by receiving two full-time paychecks — one from the taxpayer and one from the private sector,” Issa and Grassley wrote.
McMahon is receiving a six-figure salary as an official in the ATF Office of Professional Responsibility and is serving as executive director of global security and investigations for J.P. Morgan in the Philippines, according to Issa and Grassley.
McMahon was one of five ATF officials recently singled out in a congressional report on the botched gun operation. The report alleged that McMahon knew that no safeguards were in place to prevent a large number of guns from getting into Mexico, but he made no effort to stop them.
Source: The Daily Bail