"U.S. Can't Account for $100 MILLION Spent in Iraq"

[Bluebear]

"The U.S. risks fostering a culture of corruption in Iraq."- Sen. Feingold


WASHINGTON - U.S. civilian authorities in Iraq cannot properly account for nearly $100 million that was supposed to have been spent on reconstruction projects in south-central Iraq, government investigators said Wednesday.

There are indications of fraud in the use of the $96.6 million, according to a report by the Special Inspector General for Iraq Reconstruction. A separate investigation of possible wrongdoing continues.

More than $7 million of the total is unaccounted for, the report said. An additional $89.4 million in payments do not have the required supporting documents.

The report accused civilian contract managers of "simply washing accounts" to try to make the books balance. Staffing shortages and the quick turnover of those responsible for the cash contributed to the problems, the report said.

http://news.yahoo.com/news?tmpl=story&u=/ap/20050505/ap_on_go_ca_st_pe/iraq_money

[goodboy]

1. Didn't they also lose like 9 Billion dollars as well?

looking for a link

[Bluebear]

3. What's a few billion amongst neocon friends? n/t

[goodboy]

4. Truth be told, I'm more worried about the 300+ tons of explosives

that were looted AFTER we cut the I.A.E.A. seals off them and left with nobody guarding the sites!


How many soldiers are dead now because of that utter incompetence?

http://icasualties.org/oif/

[goodboy]

6. Here's a PARTIAL list of soldiers killed by IED's because Bush FAILED

to secure the sights they unsealed.

They had to secure the oil wells FIRST!

1773 05/03/05 NAME NOT RELEASED YET Not reported yet U.S. Army Task Force Baghdad Hostile - hostile fire - IED attack Baghdad Not reported yet Not reported yet US
View Links For: NAME NOT RELEASED YET 1772 05/03/05 NAME NOT RELEASED YET Not reported yet U.S. Army Task Force Baghdad Hostile - hostile fire - IED attack Baghdad Not reported yet Not reported yet US
1767 05/02/05 Little, Tommy S. Staff Sergeant 47 U.S. Army National Guard 2nd Battalion, 114th Field Artillery Regiment Hostile - hostile fire - IED attack Brooke Army Med Center, TX Aliceville Alabama US
View Links For: McGee, John 1766 05/02/05 McGee, John Sergeant 36 U.S. Army 1st Corps Support Command Hostile - hostile fire - IED attack Baghdad (S of International Airport) Cary Mississippi US
1764 05/01/05 Lutters, Derrick Joseph Specialist 24 U.S. Army National Guard 170th Maintenance Company, 891st Engineer Brigade Hostile - hostile fire - suicide car bomb Baghdad (S of) Burlington Colorado US
View Links For: Garcia-Arana, Juan de Dios 1763 04/30/05 Garcia-Arana, Juan de Dios Staff Sergeant 27 U.S. Army 5th Battalion, 5th Air Defense Artillery Reg., 2nd Inf. Div. Hostile - hostile fire Khaldiyah (nr. Fallujah) Los Angeles California US
View Links For: Cooper Jr., Charles S. 1762 04/29/05 Cooper Jr., Charles S. Private 19 U.S. Army 2nd Bat., 14th Inf. Reg., 2nd Brig., 10th Mountain Div. Hostile - hostile fire - IED attack Baghdad (western part) Jamestown New York US
View Links For: Deblanc, Darren A. 1761 04/29/05 Deblanc, Darren A. Private 1st Class 20 U.S. Army 2nd Bat., 14th Inf. Reg., 2nd Brig., 10th Mountain Div. Hostile - hostile fire - IED attack Baghdad (western part) Evansville Indiana US
View Links For: Harting III, Ralph J. 1760 04/29/05 Harting III, Ralph J. "Jay" Captain 28 U.S. Army 2nd Squadron, 11th Armored Cavalry Regiment Hostile - hostile fire - suicide car bomb Diyarah (30 mi. S of Baghdad) Union Lake Michigan US
View Links For: Frank, Stephen W. 1759 04/29/05 Frank, Stephen W. Captain 29 U.S. Army 2nd Squadron, 11th Armored Cavalry Regiment Hostile - hostile fire - suicide car bomb Diyarah (30 mi. S of Baghdad) Lansing Michigan US
View Links For: Gadsden, Clifford V. 1758 04/29/05 Gadsden, Clifford V. "CC" 2nd Lieutenant 25 U.S. Army 603rd Transportation Co., 142nd Corps Support Bat. Hostile - hostile fire - suicide car bomb Taji (5 mi. N of) Red Top South Carolina US
View Links For: Murray Jr., Robert W. 1757 04/28/05 Murray Jr., Robert W. Private 1st Class 21 U.S. Army 2nd Squadron, 3rd Armored Cavalry Regiment Hostile - hostile fire - IED attack Tall Afar Westfield Indiana US
View Links For: Rockholt Jr., Ricky W. 1756 04/28/05 Rockholt Jr., Ricky W. Specialist 28 U.S. Army 2nd Squadron, 3rd Armored Cavalry Regiment Hostile - hostile fire - IED attack Tall Afar Winston Oregon US
View Links For: Edens, William A. 1755 04/28/05 Edens, William A. 1st Lieutenant 29 U.S. Army 1st Battalion, 5th Infantry Reg., 1st Brig., 25th Infantry Div. Hostile - hostile fire - IED attack Tall Afar Columbia Missouri US
View Links For: Morris, Eric Wayne 1754 04/28/05 Morris, Eric Wayne Sergeant 31 U.S. Army 1st Battalion, 5th Infantry Reg., 1st Brig., 25th Infantry Div. Hostile - hostile fire - IED attack Tall Afar Sparks Nevada US

AND THAT'S JUST THE FIRST PAGE!!!!!

http://icasualties.org/oif/Details.aspx

[Mabus]

7. Not to mention

the money lost because some of the CIA's clients by-passed the middle man and got their supplies directly.

[FloridaPat]

9. Yes they did. That was a couple of weeks ago.

[oblivious]

11. At least 4 billion of Iraq money lost (stolen?) by the CPA.

Iraq: the missing billions
23 Oct 2003

A staggering US$4 billion in oil revenues and other Iraqi funds earmarked for the reconstruction of the country has disappeared into opaque bank accounts administered by the Coalition Provisional Authority (CPA), the US-controlled body that rules Iraq. By the end of the year, if nothing changes in the way this cash is accounted for, that figure will double.

http://www.alertnet.org/thenews/fromthefield/106690354068.htm


Google 'Iraq missing billions'
http://www.google.com.hk/search?hl=en&q=iraq+missing+billions&btnG=Search&meta=

[matt819]

2. I hate it when that happens

One minute you have 100 million dollars, then you put it down somewhere and it's gone.

[Mabus]

5. What do you expect

from an administration that can't account for *'s whereabouts during his National Guard duty? Things like this require accountability.

[Wizard777]

8. Check Halliburtons pockets!

They had the missing money from the oil ministry. They had the missing money from the coalition provisional authority. They should not have had access to either account. There have been no arrests. Hey! It's true. You will do more time for stealing $20.00 that $20 Billion. Hmmmmmm.......:dilemma: Nah, I'm better than that!

[Javaman]

10. Hell, they can't account for the 300 billion they've blown in Iraq.

[Djinn]

12. "risks"

they ACTIVELY set up a system of corruption, the only other explanation is that everyone involved is so incompetant they'd loose a IQ contest with a pot-plant.