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Iraq rebuilding fund thefts investigated

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posted on Apr, 12 2010 @ 09:52 AM
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While the entire missing 50B may never be accounted for, it looks like the investigative efforts to find out what happened has started to uncover the widespread misuse of the rebuilding funds.



www.armytimes.com

A special task force is analyzing every transaction and person connected to Iraq reconstruction funding in order to hold people accountable for “hundreds of millions of dollars” lost to fraud, bribery and theft.

Stuart Bowen Jr., special inspector general for Iraq reconstruction, is part of a multi-agency task force that is using automated data mining to sift through the $50 billion spent on reconstruction by various military and civilian agencies.

SIGIR is working with federal law enforcement agencies and the U.S. Treasury Department’s Financial Crimes Enforcement Network, or FinCEN.

“It’s a coordinated, concerted interagency forensic review that has been ongoing for over a year and is now yielding significant fruit,” Bowen told Army Times. “We will continue to implement the program until we have reviewed all of the money used for Iraq reconstruction and all of the personnel that had access to it.”







[edit on 4/12/2010 by JacKatMtn]




posted on Apr, 14 2010 @ 01:57 AM
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I wouldn't expect any of the big fish to get fried such was or is the systematic profiting and the denial of the Iraqis right to rebuild their own country . Marshall Aid it has not been private contractors have taken the place of the locals in providing services . I can understand why the bulk of contracts related to rebuilding Iraq would go to US firms but not employing locals caused untold harm .

Cheers xpert11 .



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