[Excerpt] This semiannual report covers the activities of the Department of Labor's Office of Inspector General for the period October 1, 1987 through March 31, 1988. During this period, audit initiatives resulted in numerous economy and efficiency findings and recommendations regarding Agency operations: the OIG issued 375 audit reports on program activities, grants and contracts. The Office of Investigations (OI) opened 915 cases and closed 586 cases. OI investigations resulted in 391 indictments and 345 successful prosecutions. The Office of Labor Racketeering (OLR) continues to focus on corruption in employee benefit plans by accountants, attorneys, bankers and other fund administrators and advisors. During this period, OLR investigations produced 71 indictments and 46 convictions. Convictions established a predicate for the potential civil recovery of $1.4 million.