The Reasoned Review

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US Contractors Engage in Massive Iraq Fraud

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The Times with a startling report:

Some of the cases involve people who are suspected of having mailed tens of thousands of dollars to themselves from Iraq, or of having stuffed the money into duffel bags and suitcases when leaving the country, the federal investigators said. In other cases, millions of dollars were moved through wire transfers. Suspects then used cash to buy BMWs, Humvees and expensive jewelry, or to pay off enormous casino debts.

Some suspects also tried to conceal foreign bank accounts in Ghana, Switzerland, the Netherlands and Britain, the investigators said, while in other cases, cash was simply found stacked in home safes.

So the taxpayer paid to invade Iraq, then the taxpayer paid to rebuild Iraq. But really what the taxpayer was doing was paying corrupt “contractors” to shove money into duffel bags and make off into the sunset. Hooray for “deregulation!”

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Written by pavanvan

March 14, 2010 at 3:03 pm

Posted in War

Tagged with , , , , , ,

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