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Friday, August 12, 2005

$1,000,000,000.00

One of the many fringe benifits of chaos...
Iraqi investigators have uncovered more than $1 billion of fraud and waste in weapons deals arranged by middlemen. [...] The report, quoting a confidential report and interviews with U.S. and Iraqi officials, said middlemen who arranged the deals reneged or took huge kickbacks on the contracts to arm Iraq's fledgling military. The report said an Iraqi audit suggested that senior U.S. appointed Iraqi Defense Ministry officials used three intermediary companies to hide the kickbacks. It said the contracts involved unnecessary, overpriced or outdated equipment.
More chaos, more stealing... Rinse, wash, and repeat.

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