Posted on 04/04/2014 5:02:30 PM PDT by mandaladon
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.
(Excerpt) Read more at freebeacon.com ...
Anybody check her bank account?
I was thinking 4-5 Billion tops.
Well, if it’s under Hillary, I’d check to see if more than $6 billion is missing……..
Makes you wonder how much 0 and the dims got away with.
Surely she can earn it back by trading a few hog futures.
“What difference does it make?”
So far, all of it.
She needed a good campaign kick off for 2016, trouble is thats just how she is gonna run the executive branch too.
It is a resume enhancer for her. Nothing will hurt her. She will prosper because of it.
Well, her ass IS pretty wide...
Don’t worry, the MSM will bury it all soon enough and focus instead on the aliens that hijacked the Malaysian airliner.
It is in the Hillary For President pockets.
which offshore numbered account shall we take a look at ?
So far, all of it.
I think the $6B is just chump change. Didn’t O send $3T to the world bank?
It funded the MANPADS, courtesy of Clinton
and the undocumented Moslem Tyrant, to al Qaeda.
Taxpayers will die from what they did,
as sure as the Ambassador was gangraped for their pleasure.
Incompetence seems to rule the day now..
She spent it on anti-air missiles for Syria
Wide but not pretty. Who is wider her or Moochell?
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