Fraudulent Defense Contractors Paid $1 Trillion

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    Oct 22, 2011 1:06 PM GMT
    http://sanders.senate.gov/newsroom/news/?id=02d36680-a643-4142-954d-f8aa80cd389fWASHINGTON, Oct. 20 - Hundreds of defense contractors that defrauded the U.S. military received more than $1.1 trillion in Pentagon contracts during the past decade, according to a Department of Defense report prepared for Sen. Bernie Sanders.
    ...
    The report detailed how the Pentagon paid $573.7 billion during the past 10 years to more than 300 contractors involved in civil fraud cases that resulted in judgments of more than $1 million, $398 billion of which was awarded after settlement or judgment for fraud. When awards to "parent" companies are counted, the Pentagon paid more than $1.1 trillion during the past 10 years just to the 37 top companies engaged in fraud.

    Another $255 million went to 54 contractors convicted of hard-core criminal fraud in the same period. Of that total, $33 million was paid to companies after they were convicted of crimes.

    Some of the nation's biggest defense contractors were involved.

    [url]http://sanders.senate.gov/imo/media/doc/102011%20-%20DOD%20Fraud%20Report.pdf[/url]

    This is not really news, but apparently the traditional media isn't making much about it. It is too busy trying to catch the next Solyndra.
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    Oct 22, 2011 1:08 PM GMT
    money.jpg
    http://news.yahoo.com/panel-widespread-waste-fraud-war-spending-053533054.html
    http://www.usatoday.com/money/economy/2008-09-10-3545054588_x.htm
    cable.jpg
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    Oct 22, 2011 3:08 PM GMT
    Thank you Mr Cheney and friends..
  • nanidesukedo

    Posts: 1036

    Oct 22, 2011 4:02 PM GMT
    Remember - adding to the debt doesn't count as a bad thing if it's through warfare. Only social programs and "entitlement" programs that add to debt are dangerous. icon_eek.gif

  • GQjock

    Posts: 11649

    Oct 22, 2011 4:38 PM GMT
    Gee ... not only were they incompetent at protecting us from terrorism They were completely incompetent with money as well

    I seem to remember some Nine Billion dollars that during the Iraq war went missing .... NINE BILLION
    http://edition.cnn.com/2005/WORLD/meast/01/30/iraq.audit/
    Just missing Not Misspent ... missing like one minute it was there the next ... Poof

    Can you IMAGINE if Obama was President and that happened???

    .... LOL

    Oh Lah-De-Dah The Liberal Media strikes again .... I wonder how FOX reported this story? icon_rolleyes.gif
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    Oct 22, 2011 4:52 PM GMT
    And they're always the right wingers who blather on about free market capitalism, hard work, family values, boot straps, patriotism blah blah blah....

    They're nothing but lazy crooks posing as legitimate businessmen.