[Excerpt] This semiannual report covers the activities of the Department of Labor's Office of Inspector General for the period April 1 through September 30, 1988. During this period, audit initiatives resulted in numerous economy and efficiency findings and recommendations regarding Agency operations: the OIG issued 396 audit reports on program activities, grants and contracts. The Office of Investigations (OI) opened 517 cases and closed 641 cases. OI investigations resulted in 605 indictments and 390 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 81 indictments and 74 convictions. Convictions established a predicate for fines, forfeitures, and restitutions of $1,474,380.