Not really, I've been a government contractor for 32 years. Plus before that I was active duty AF, Reserve and Guard, officer with the last two overlapping that 32 years as DoD contractor.
But all that paper, and meetings and so on, makes it that much easier to "lose" small amounts of 'stuff', including time, money, etc. We aren't talking about the invasion of Grenada or even supporting the Contras.
It might even just be someone from one of those agencies using the skills he got in OJT, freelancing.
Actually the whole Iran Contra affair shows that much can be done under the radar before you get caught, and smaller stuff might just stay under the radar, at least "long enough".