The fraud and waste in Iraq is worse than you ever thought

May 23, 2008 | By | 4 Replies More

Here’s the bottom line, as reported on Yahoo:

The Pentagon cannot account for nearly 15 billion dollars in payments for goods and services in Iraq, according to an internal audit which members of Congress blasted Friday as a “shocking” accountability failure.

Why didn’t a government accountant catch the problem?  Good question.

The lack of accountability of the funds, intended for purchases of weapons, vehicles, construction equipment and security services, amounted to a 95 percent failure rate in basic accounting standards, according to the report.

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About the Author ()

Erich Vieth is an attorney focusing on consumer law litigation and appellate practice. He is also a working musician and a writer, having founded Dangerous Intersection in 2006. Erich lives in the Shaw Neighborhood of St. Louis, Missouri, where he lives half-time with his two extraordinary daughters.

Comments (4)

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  1. Skblllzzzz says:

    The anti-spam word for this entry is, of all words: "borrow".

    Quite.

  2. Erich Vieth says:

    Skblllzzzz: The anti-spam word should be randomly generated, but the one you got was certainly appropriate. Fate at work!

  3. Skblllzzzz says:

    Random it should be, but I'm not so sure. When I returned to this page after entering my comment the anti-spam word was still at "borrow", though the font had changed. The word for this comment is "gone". The next one will probably be "pocket".

    There is clearly some devine intervention going on here. God is reading your blog too. Cool. Or is it?

  4. Erich Vieth says:

    I meant to say, "Fate works in mysterious ways."

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