Friday, May 23, 2008

Internal audit of $8 bil. paid to Iraqi and US contractors finds that the govt skirted rules designed to prevent fraud in almost every transaction

News from The Associated Press: "WASHINGTON (AP) -- An internal audit of some $8 billion paid to U.S. and Iraqi contractors found that nearly every transaction failed to comply with federal laws or regulations aimed at preventing fraud, in some cases lacking even basic invoices explaining how the money was spent."

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