9 billion dollars missing - Billions over Baghdad

[WhiteFeather]

9 billion dollars missing.

The company contracted to oversee the money ran out of a private house
and had a mailing address in the Bahamas.

The principles were involved in securities fraud at the time.

Basically a pentagon civilian operation, not a military op. Military
auditors shooed away.

Read Long story here

Billions over Baghdad

http://www.vanityfair.com/politics/f...urrentPage=all


"What Washington did not do was mobilize to keep track of it. By all
accounts, the New York Fed and the Treasury Department exercised strict
surveillance and control over all of this money while it was on
American soil.
But after the money was delivered to Iraq, oversight and control
evaporated. Of the $12 billion in U.S. banknotes delivered to Iraq in
2003 and 2004, at least $9 billion cannot be accounted for.
A portion of that money may have been spent wisely and honestly; much of it probably wasn't.

Some of it was stolen.




Once the money arrived in Iraq it entered a free-for-all environment
where virtually anyone with fingers could take some of it.
Moreover, the company that was hired to keep tabs on the outflow of money existed mainly on paper.
Based in a private home in San Diego, it was a shell corporation with
no certified public accountants.
Its address of record is a post-office box in the Bahamas, where it is legally incorporated.
That post-office box has been associated with shadowy offshore activities."

[LorDiego01]

CORRECTION.

The Pentagon does NOT lose money.

It simply becomes "unaccounted" for.

Please get your facts straight.