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Showing posts with label special inspector general for iraq reconstruction. Show all posts
Showing posts with label special inspector general for iraq reconstruction. Show all posts

Tuesday, February 17, 2009

not only did we have NO right

to invade and destroy iraq, we promised to rebuild it. did we? what do YOU think?

and who will be held accountable for this? for years and years and years, king george and his bunch o' good ol' whiteboyz literally THREW OUR money into the abyss that is iraq (we made it that way). while i would have NO problems if the money was spent on the care and protection of our service members, the majority was NOT. it is in someone's pocket. that someone is NOT you or i

Missing Iraq billions could be 'greatest fraud in US history'
Stephen C. Webster
The US Special Inspector General for Iraq Reconstruction, the Army's criminal Investigation Command and the Justice Department are investigating US soldiers and officials in the alleged misuse of a portion of the $125 billion initially sent to Iraq for reconstruction shortly after the fall of Saddam.

Monday, The Independent's Iraq correspondent Patrick Cockburn reported the inspectors believe misuse may account for over $50 billion, exceeding the scope of Bernie Madoff's massive Ponzi scheme and making it potentially the "greatest fraud in US history."

"In one case, auditors working for SIGIR discovered that $57.8m was sent in 'pallet upon pallet of hundred-dollar bills' to the US comptroller for south-central Iraq, Robert J Stein Jr, who had himself photographed standing with the mound of money," wrote Cockburn. "He is among the few US officials who were in Iraq to be convicted of fraud and money-laundering.
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Monday, July 28, 2008

you know what i say

what's $142,000,000 anyway? our lives are falling apart. we can't afford groceries and oil and gas and insurance (health) and on and on. yet YOUR government just keeps pissing ALL of our money away.


U.S. Says Contractor Made Little Progress on Iraq Projects


Washington Post Staff Writers

The U.S. government paid a California contractor $142 million to build prisons, fire stations and police facilities in Iraq that it never built or finished, according to audits by a watchdog office.

The Special Inspector General for Iraq Reconstruction (SIGIR) said Parsons of Pasadena, Calif., received the money, part of a total of $333 million but only completed about one-third of the projects, which also included courthouses and border control stations. The inspector general's office is expected to release two detailed audits today, evaluating Parsons's work on the contract, which is worth up to $900 million.

"Far less was accomplished under this contract than originally planned," the inspector general wrote. "Millions of dollars in waste are likely associated with incomplete, terminated and abandoned projects under this contract." Auditors did not give a dollar figure of how much had potentially been wasted, but they said Parsons got about 10 percent -- or $11.3 million -- of the $108 million of award fees it could have received..............