Sunday, January 30, 2005

Audit: $9 Billion Unaccounted for in Iraq

Yahoo! News - Audit: $9 Billion Unaccounted for in Iraq

"The U.S. occupation authority in Iraq (news - web sites) was unable to keep track of nearly $9 billion it transferred to government ministries, which lacked financial controls, security, communications and adequate staff, an inspector general has found."

..."CPA staff learned that 8,206 guards were on the payroll at one ministry, but only 602 could be accounted for, the report said. At another ministry, U.S. officials found 1,417 guards on the payroll but could only confirm 642."...

The American taxpayer continues to get it good & hard up the posterior... How does it make you feel to get ripped off at every turn???