(the humor part is where blackwater got awarded all these contracts and money MEANT FOR SMALL BUSINESSES with revenues below a certain amout. the second part of the humor is where NOTHING IS GOING TO HAPPEN TO EITHER THOSE RESPONSIBLE FOR AWARDING BLACKWATER THESE CONTRACTS OR BLACKWATER ITSELF)
Audit questions SBA awards to security giant Blackwater
Blackwater Worldwide and the private security company's affiliates may have misrepresented their size to win more than $100 million in government contracts set aside for small businesses, according to a report released Monday by the Small Business Administration's Office of Inspector General.
The audit found that from fiscal 2005 to fiscal 2007, Blackwater and affiliates won 32 small business contracts worth more than $2.1 million even though the work was restricted to companies with revenue of $6.5 million or less.
In the same period, Blackwater's airline affiliate won more than $107 million in contracts set aside for companies with revenues of less than $25.5 million or fewer than 1,500 employees.
The IG report questioned whether Blackwater could meet any of those limits and says the company may have misrepresented itself. Blackwater executives said last week they are on track to reach annual revenues of $1 billion per year by 2010.
The report also criticized the SBA for not examining Blackwater's contention that its security forces in Iraq and Afghanistan are not employees, but independent contractors............
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