Iraq Rebuilding Risked Billions in U.S. Funds, Auditor Concludes

From NEWSMAX:

…The U.S. government’s drive to rebuild Iraq “put billions of American taxpayer dollars at risk of fraud, waste and abuse,” and the amount misspent will never be known, according to the final report by a U.S. watchdog agency…

The U.S. provided more than $51 billion for reconstruction projects in war-torn Iraq from fiscal year 2003 to 2011.

The report said U.S. officials failed in “numerous instances” to thoroughly review contractors’ invoices before paying them. In one case involving a State Department contract, the department’s Bureau of International Narcotics and Law Enforcement Affairs had one contracting officer validating invoices totaling more than $2.5 billion…

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