Many political observers in Alaska are fixated on rumors that federal investigators have been seizing paperwork from SBS in recent months, searching for evidence that Palin and her husband Todd steered lucrative contracts to the well-connected company in exchange for gifts like the construction of their home
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SBS has close ties to the Palins. The company has not only sponsored Todd Palin's snowmobile team, according to the Village Voice's Wayne Barrett, it hired Sarah Palin to do a statewide television commercial in 2004.

Six months before Palin stepped down as mayor in October 2002, the city awarded nearly a half-million-dollar contract to design the biggest project in Wasilla history to Kumin Associates. Blase Burkhart was the Kumin architect on the job—the son of Roy Burkhart, who is frequently described as a "mentor" of Palin and was head of the local Republican Party (his wife, June, who also advised Palin, is the national committeewoman). Asked if the contract was a favor, Roy Burkhart, who contributed to her campaign in the same time frame that his son got the contract, said: "I really don't know." Palin then named Blase Burkhart to a seven-member builder-selection committee that picked Howdie Inc., a mostly residential contractor owned at the time by Howard Nugent. Formally awarded the contract a couple of weeks after Palin left office, Nugent has donated $4,000 to Palin campaigns. Two competitors protested the process that led to Nugent's contract. Burkhart and Nugent had done at least one project together before the complex—and have done several since.

A list of subcontractors on the job, obtained by the Voice, includes many with Palin ties.
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Dorwin and Joanne Smith, the principals of complex subcontractor DJ Excavation & Development, have donated $7,100 to Palin and her allied candidate Charlie Fannon (Joanne is a Palin appointee on the state Board of Nursing). Sheldon Ewing, who owns another complex subcontractor, Weld Air, has donated $1,300, and PN&D, an engineering firm on the complex, has contributed $699.

The Huffington Post writer, Shannyn Moore, is calling this the ‘iceberg scandal’. It has to do with the $12.5 million sports complex built while Palin was Mayor of Wasilla, Alaska. The accusation is that the Palin’s inflated the cost of the complex in order to use building materials from the construction of the complex to build their own home. The proof according to her accusers is that both buildings have the same windows, the same wood and the same products.
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According to reports, federal investigators have been looking into this since October 2008. Its also being reported that charges of public corruption and embezzlement are imminent, thus explaining her resignation.

"Loser. Quitter. Palin 2012." Is that the slogan?

Originally posted by Journey
To clear the air, concerning rumors, yes rumors, of an FBI investigation-
The FBI says Palin is not under investigation.
Link to Anch Daily News
So let us put that to rest.