Skip to comments.Gov't Inspector: $50 Million Stolen From US Treasury Disappears After Being Found in Afghan Bank
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."
....as the Muslim Brotherhood slinks out of the candy store like a fake pregnant shoplifter with a waste of goodies.....
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.
Now you see it now you don’t, Nuttin up my sleeve!
Looks like a little inside manipulation there.
They only need to look at Hillary and Obama.
Tell me again why the Karzai administration is better than the one we toppled?
It was deposited in the maliah account
Karzi is a piker compared to barack
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.
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!
Headlines never lie.
Well I certainly didn’t notice a bump in my bank account.
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
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.
Might as well burn it vs. funding the Mullas.
IOW Its still stolen you moron!
Billions unaccounted for, have gone down a “rabbit hole” in that shithole country; same as in Iraq. Take a guess where it went.
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.
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!
Has anyone looked in hussein’s wallet? This is just the tip of the iceberg.
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.
Mon Dec. 21, 2009 12:23 PM PST
The price tag for the Wall Street bailout is often put at $700 billionthe 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 brokeragesas 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.
Afghans have Bank Accounts?
Do they use the Checks to wipe their behinds?
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.