Friday, April 4, 2014

State Department Misplaced $6B Under Hillary Clinton

State Department Misplaced $6B Under Hillary Clinton | Washington Free Beacon:

"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.

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More gubmint waste.  Out of control bureaucracies.  We need smaller government.



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