DynCorp Accused Of Looting Billions Of Dollars From Iraq Contracts

dis21dvdAnyone who saw the Robert Greenwald documentary Iraq For Sale: The War Profiteers will know that this story about DynCorp in the Wall Street Journal is only the tip of the iceberg in corporate looting of the United States Treasury (meaning taxes paid in by Americans):

The U.S. State Department is struggling with its accounting for billions of dollars spent on police-training contracts in Iraq with DynCorp International Inc.

A report from the Special Inspector General for Iraq Reconstruction, to be released today, says that squaring away just how the money was spent may take years.

The State Department lacks adequate staff in Iraq to closely monitor the work, its biggest contract there, according to the report. DynCorp invoices were regularly found to have errors and often lacked sufficient documentation, the auditors found. “As a result, over $2.5 billion in U.S. funds are vulnerable to waste and fraud,” the report said. Auditors examining three major DynCorp work orders concluded that money is being misspent on a variety of things, including unneeded security guards and property leases, and duplicate equipment, such as generators.

DynCorp, of Falls Church, Va., is one of the State Department’s main contractors overseas. Though smaller than major defense firm, DynCorp plays a frontline role in U.S. foreign policy and has been involved in a range of operations from coca eradication programs in Colombia to United Nations peacekeeping in Sudan. It is also currently training local forces in Afghanistan.

Other big defense companies are targeting the overall training market, including Raytheon Co., L-3 Communications Holdings Inc. and Northrop Grumman Corp…

[continues in the Wall Street Journal]

, , ,

  • guest

    I don’t find back up generators or extra security as wasteful spending.

  • guest

    I don’t find back up generators or extra security as wasteful spending.

  • guest

    I don’t find back up generators or extra security as wasteful spending.

  • guest

    I don't find back up generators or extra security as wasteful spending.