Thread: Billions More Wasted In Iraq Contracts

Billions More Wasted In Iraq Contracts
Fri, 05/23/2008 - 15:11 — Judicial Watch Blog


Yet another in-depth audit has exposed the rampant fraud, corruption and waste in Iraq-related government contracts that have cost U.S. taxpayers billions of dollars since the war began.

Made public this week, results of this latest probe reveal that the U.S. government failed to comply with federal laws and regulations created to prevent fraud when it paid out nearly $8 billion worth of Iraq contracts in the last five years alone.

Conducted by the Department of Defense’s Inspector General, the audit says that nearly every transaction involved in the multi billion-dollar contracts failed to comply with federal laws, some (about $1.4 billion worth of deals) even lacked basic invoices explaining how the tax dollars were spent.

The damaging 68-page report (Internal Controls Over Payments Made in Iraq, Kuwait and Egypt) highlights the case of an $11.1 million contract that includes “no invoice at allâ€

I was ouce told off and then banned from a "Neo-Con" BB for saying this , But it's been my sore spot since BushCo took office. No bid contracts for Haliburton ? Direct link to the White House . Little strange how these new and improved thrieves take it from right under your nose . No one cares ! 10 Billion Dollars is huge amount of money to be missing . No one arrestted ? Why ? No Accountaiblity ? Why ?