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| Government |
| $6 Billion Goes Missing at State Department |
| 2014-04-05 |
| [THEFISCALTIMES] The State Department has no idea what happened to $6 billion used to pay its contractors. In a special "management alert" made public Thursday, the State Department's Inspector General Steve Linick warned "significant financial risk and a lack of internal control at the department has led to billions of unaccounted dollars over the last six years. The alert was just the latest example of the federal government's continued struggle with oversight over its outside contractors. The lack of oversight "exposes the department to significant financial risk," the auditor said. "It creates conditions conducive to fraud, as corrupt individuals may attempt to conceal evidence of illicit behavior by omitting key documents from the contract file. It impairs the ability of the Department to take effective and timely action to protect its interests, and, in tum, those of taxpayers." In the memo, the IG detailed "repeated examples of poor contract file administration." For instance, a recent investigation of the closeout process for contracts supporting the mission in Iraq, showed that auditors couldn't find 33 of the 115 contract files totaling about $2.1 billion. Of the remaining 82 files, auditors said 48 contained insufficient documents required by federal law. In another instance, the Bureau of International Narcotics and Law Enforcement issued a $1 billion contract in Afghanistan that was deemed "incomplete." |
| Posted by:Fred |
| #11 They could have just been open about it. Claimed they were investing in Green Technologies for the State Department, allow them time to squirrel away the 6 Bs into off shore accounts, then file bankruptcy. |
| Posted by: Bubba Graiting8281 2014-04-05 18:25 |
| #10 Hillary's hogwash. The worlds all better now for her being in State and the "ONE" ruling the universe in a benevolent and compassionate manner. "Chicken in every pot" has been replaced by welfare benefits for all, free phones, abortion on demand, and pot for everyone all in exchange for your vote (or several). |
| Posted by: JohnQC 2014-04-05 16:09 |
| #9 As long as you don't hold your breath, #3 Matt. |
| Posted by: Barbara 2014-04-05 14:56 |
| #8 Perhaps it was earmarked for security in Benghazi? |
| Posted by: Pappy 2014-04-05 12:47 |
| #7 |
| Posted by: Frank G 2014-04-05 12:38 |
| #6 http://youtu.be/bMWZeLqwllY |
| Posted by: Frank G 2014-04-05 12:38 |
| #5 Surprised the press has reported anything that makes Hildabeeste look bad. Guaranteed mainstream press will studiously ignore this. Were it a republican, this would be all over the news. |
| Posted by: OldSpook 2014-04-05 12:26 |
| #4 I'm waiting for them to 'find' it again. Only it won't actually be found and the guy who noticed it was missing will take up a state department post in Antarctica. |
| Posted by: rjschwarz 2014-04-05 10:17 |
| #3 I wait with bated breath for the resignations, dismissals, and criminal prosecutions. |
| Posted by: Matt 2014-04-05 09:15 |
| #2 They've come a long way at Foggy Bottom. I remember when it was only a few dozen classified laptops that were missing. |
| Posted by: Besoeker 2014-04-05 05:52 |
| #1 Hillary's election chest? |
| Posted by: g(r)omgoru 2014-04-05 04:13 |