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Gov't Inspector: $50 Million Stolen From US Treasury Disappears After Being Found in Afghan Bank
CNSNEWS.com ^ | May 9, 2013 | joe Schoffstall

Posted on 05/10/2013 5:59:18 AM PDT by huldah1776

John F. Sopko, the Special Inspector General for Afghanistan Reconstruction (SIGAR), spoke at New America Foundation's National Security Studies Program on Wednesday and said $50 million of U.S. taxpayer dollars was stolen from the United States Treasury and found in a bank in Afghanistan.

The money has since gone missing.

"We identified 50 million dollars stolen from the United States Treasury and it was sitting in an Afghan bank account," said Sopko.

"We identified the bank account, we obtained a court order in the United States and had it served on the Afghan government to get them to seize that money. For months we pressed the Afghan Attorney General's office and the Ministry of Foreign Affairs to freeze the account and begin the legal process to allow us to seize that cash. At first, we were told the bank account was frozen and the money was protected.

"Unfortunately, as too many times it is the case, a few weeks ago we learned the money was mysteriously unfrozen by some powerful, unnamed bureaucrat in Kabul. Now, most of the money is gone."

The special inspector said they will continue to search for the money and will do their best to prosecute the people responsible for stealing the money.

"Now, we will continue to try to find that money, and we'll continue to try and prosecute the individuals who are involved in stealing the money. We will continue to work with honest Afghan officials, but I feel our recent experience with this case and others may be the future for rule of law in Afghanistan unless we --the United States government-- make fighting corruption a priority for the Afghans and we hold their feet to the fire to do what they have promised to do repeatedly in international agreements."


TOPICS: News/Current Events
KEYWORDS: afghanistan; bank; corruption; treasury
How often has this happened? Video at link.
1 posted on 05/10/2013 5:59:18 AM PDT by huldah1776
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To: huldah1776

....as the Muslim Brotherhood slinks out of the candy store like a fake pregnant shoplifter with a waste of goodies.....


2 posted on 05/10/2013 6:02:04 AM PDT by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: huldah1776

More than likely a thousand times, and I wouldn’t be surprised if some of it didn’t find it’s way back here in the hands of some politician.


3 posted on 05/10/2013 6:02:19 AM PDT by Venturer
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To: Venturer

Now you see it now you don’t, Nuttin up my sleeve!
Looks like a little inside manipulation there.


4 posted on 05/10/2013 6:04:18 AM PDT by Conserev1 ("Still Clinging to my Bible and my Weapon")
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To: huldah1776

They only need to look at Hillary and Obama.


5 posted on 05/10/2013 6:08:58 AM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: huldah1776

Tell me again why the Karzai administration is better than the one we toppled?


6 posted on 05/10/2013 6:10:23 AM PDT by Blood of Tyrants (Inside every liberal and WOD defender is a totalitarian screaming to get out.)
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To: huldah1776
$50 Million Stolen From US Treasury Disappears After Being Found in Afghan Bank

It was found in an Afghan bank and then it disappeared from the US Treasury? That's really weird. Hopefully in the future finding money will be the tip off that allows us to prevent a subsequent disappearing of money.
7 posted on 05/10/2013 6:14:11 AM PDT by posterchild
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To: huldah1776

It was deposited in the maliah account

Karzi is a piker compared to barack


8 posted on 05/10/2013 6:16:16 AM PDT by bert ((K.E. N.P. N.C. +12 .....History is a process, not an event)
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To: posterchild

Other way round; it was taken from the u.s., then found in an Afghanistan bank. We tried to get it back but it was gone.


9 posted on 05/10/2013 6:17:49 AM PDT by WildHighlander57 ((WildHighlander57 returning after lurking since 2000))
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To: huldah1776

How does money get stolen from the US Treasury? Then, how does it end up in an Afghan bank? And if the Inspector General finds the money in an Afghan bank, how is it that our government doesn’t immediately get it back? The Democrats have figured out that it’s easy to steal the taxpayer’s hard-earned dollars from areas in conflict. That is why Obama and the Democrats have set the Middle East on fire. Arab Spring? Bulls**t! Democrat Summer!


10 posted on 05/10/2013 6:17:52 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: WildHighlander57

Headlines never lie.


11 posted on 05/10/2013 6:20:20 AM PDT by posterchild
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To: posterchild

Well I certainly didn’t notice a bump in my bank account.


12 posted on 05/10/2013 6:29:33 AM PDT by rktman (BACKGROUND CHECKS? YOU FIRST mr. president(not that we'd get the truth!))
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To: huldah1776

Why give this sort of information to the damned Little People? If things get out of hand, the money might (but probably not) have to be returned, and someone will have to be blamed (but suffer no penalty). Send out another memo to the Lapdog Media. /sarc


13 posted on 05/10/2013 6:30:28 AM PDT by I am Richard Brandon
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To: huldah1776
Was this in physical currency or just a bunch of numbers on a banking ledger? If the second, Ben Bernanke creates that much out of thin air about every half hour.
14 posted on 05/10/2013 6:36:47 AM PDT by KarlInOhio (Choose one: the yellow and black flag of the Tea Party or the white flag of the Republican Party.)
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To: huldah1776

I am to the point I’d rather see the government take all the money we piss away overseas and just divide it evenly between US households and let us piss the money away.


15 posted on 05/10/2013 6:37:11 AM PDT by Resolute Conservative
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To: Resolute Conservative

Might as well burn it vs. funding the Mullas.


16 posted on 05/10/2013 6:51:07 AM PDT by Eric in the Ozarks (NRA Life Member)
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To: huldah1776
The money has since gone missing.

IOW Its still stolen you moron!

17 posted on 05/10/2013 6:56:44 AM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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18 posted on 05/10/2013 7:06:03 AM PDT by RedMDer (May we always be happy and may our enemies always know it. - Sarah Palin, 10-18-2010)
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To: huldah1776

Billions unaccounted for, have gone down a “rabbit hole” in that shithole country; same as in Iraq. Take a guess where it went.


19 posted on 05/10/2013 7:07:58 AM PDT by carriage_hill (AR-10s & AR-15s are the Muskets of the 21st Century. Free men need not ask permission.)
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To: Don Corleone

The question is WHY did it wind up in an Afgan bank in the first place. Some how it got transferred there and by who’s order? Gone is gone, never to be found.

Best thing we could do is cutoff all financial support to ALL foreign nations until the money shows up (knowling full well it never will be found). To me, $50 million would be a pretty good investment versus what we now give away to those who hate us anyway.


20 posted on 05/10/2013 7:11:40 AM PDT by DaveA37 (I'm for HONEST government)
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To: huldah1776

This doesn’t “just happen”. Someone knows what they are doing. How can money from t he US Treasury get to an Afghani bank w/o someone at Treasury knowing about it? They really think we are stupid! Idiots, in fact. Well, that may be their side, but NOT our side!


21 posted on 05/10/2013 7:35:27 AM PDT by Shery (in APO Land)
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To: huldah1776

Has anyone looked in hussein’s wallet? This is just the tip of the iceberg.


22 posted on 05/10/2013 8:21:53 AM PDT by bgill (The problem is...no one is watching the Watch List!)
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To: All
There's more than $50 measly millions missing from the Bank of Kabul----where the DOD , CIA, deposit zillions to run the war. Insiders can withdraw billions--no requirements to pay it back.

=======================================

Keep in mind Wall Street knows how to make money disappear fastern than a cream puff at a eight Watcher weigh-in. Is that why when Obama took office he immediately pput his COS Rham Emanuel (an ex-Wall Street G/S player) in charge of Treasury?

=======================================

FOURTEEN TRILLION DOLLARS Behind The Real Size of Obama's Wall Street Bailout; A guide to the abbreviations, acronyms, and obscure programs that make up the $14 trillion federal bailout.
SOURCE motherjones.com
Mon Dec. 21, 2009 12:23 PM PST

The price tag for the Wall Street bailout is often put at $700 billion—the size of the Troubled Assets Relief Program. But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside money to bail out financial firms and inject money into the markets.

To get a sense of the size of the real $14 trillion bailout, see our chart at web site. Below, a guide to the pieces of the puzzle:

Treasury Department bailout programs
(Remember that Obama's Treasury Dept was controlled by his then-COS Rahm Emanuel---a savvy, connected G/S lobbyist in the WH)

Money Market Mutual Fund: In September 2008, the Treasury announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].

Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokerages—as much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].

TARP: As part of the Troubled Asset Relief Program, the Treasury has made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid.

Government-sponsored enterprise (GSE) stock purchase: The Treasury has bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets."

GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion ---SNIP---.

LONG READ---go to web site to read more and checkout the shocking financial charts.

SOURCE http://motherjones.com/politics/2009/12/behind-real-size-bailout

23 posted on 05/10/2013 8:31:47 AM PDT by Liz (To learn who rules over you, determine who you are not allowed to criticize. Voltaire)
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To: huldah1776

Afghans have Bank Accounts?

Do they use the Checks to wipe their behinds?


24 posted on 05/10/2013 8:34:23 AM PDT by Kickass Conservative (Obama / Clinton Benghazi (4), Ted Kennedy (1), my Gun Collection (0)...)
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To: Kickass Conservative

LOL we’ll check the spy drone tapes they’re worried about and look for people doing things on their rooftops in sight of our Marines.


25 posted on 05/10/2013 9:32:12 AM PDT by huldah1776
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