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had been mismanaging

  • past perfect progressive
    of mismanage.
    mismanage
    verb (used with or without object)
    to manage incompetently or dishonestly.

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A 2014 audit by the FTA found that Metro had been mismanaging federal grant funds for years, spending money in violation of federal rules and keeping shoddy records.

From Washington Post ● Jul. 21, 2015