Posted on 05/28/2014 8:41:34 PM PDT by afraidfortherepublic
The State Department misplaced and lost some $6 billion due to the improper filing of contracts during the past six years, mainly during the tenure of former Secretary of State Hilary Clinton, according to a newly released Inspector General report.
The $6 billion in unaccounted funds poses a “significant financial risk and demonstrates a lack of internal control over the Department’s contract actions,” according to the report.
The alert, originally sent on March 20 and just released this week, warns that the missing contracting funds“could expose the department to substantial financial losses.”
The report centered on State Department contracts worth “more than $6 billion in which contract files were incomplete or could not be located at all,” according to the alert.
“The failure to maintain contract files adequately creates significant financial risk and demonstrates a lack of internal control over the Department’s contract actions,” the alert states.
The situation “creates conditions conducive to fraud, as corrupt individuals may attempt to conceal evidence of illicit behavior by omitting key documents from the contract file,” the report concluded.
The State Department’s inability to properly file its paperwork is causing most of the losses, according to the report.
The IG “found repeated examples of poor contract file administration” over the years, the report said.
Contracts related to the U.S. war in Iraq, for instance, could not be produced in 33 out of 115 instances, according to the report.
“A recent OIG audit of the closeout process for contracts supporting the U.S. Mission in Iraq revealed that contracting officials were unable to provide 33 of 115 contract files requested in accordance with the audit sampling plan,” the report states.
(Excerpt) Read more at washingtontimes.com ...
It was for the SARIN, MANPADs and SAMs and the payoffs
all for al Qaeda against America.
And a little bit for Huma-the-traitor and
Clinton-the-terrorist-enabler.
Nice “catch22” sub reference. She is not as smart as Orr though
The federal government is a den of thieves.
Dear Government,
I’m sorry, I misplaced six dollars when I filled out my 1040 last year. We’re cool- right?
sarc
Now probably awaiting an audit :(
“State Dept. misplaced $6B under Hillary Clinton: IG report.”.....
“What Difference Does It Make” seems to be the appropriate answer.
When somebody ,like Clinton, looses $6 BILIION Dollars out of an $8.7 Billion budget, a loss of almost 3/4ths of money appropriated..
I would call that " GROSS INCOMPETANCE AND GROSS NEGLECT "
which would typify what I would expect of a Clinton administration following up a 17 TRILLION deficit run up by the current administration.
What a great campaign donation. Or a tidy retirement.
Just to be clear here; that is a Hillbilly Clinton quote in your post. Those are not my words.
No harm intended by me .
Hitlery is totally capable of bringing the entire country into bankruptcy , all by herself.
I meant to say : If you can misplace $6 BILLION DOLLARS during your term as SOS, just think what you (and Saul Alinsky) could do to the country !!
FRegards! TE
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