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.
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.