Posted on 04/04/2014 10:00:32 AM PDT by topher
Edited on 04/04/2014 10:02:40 AM PDT by Admin Moderator. [history]
The State Department has no idea what happened to $6 billion used to pay its contractors.
In a special management alert made public Thursday, the State Departments Inspector General Steve Linick warned significant financial risk and a lack of internal control at the department has led to billions of unaccounted dollars over the last six years.
The alert was just the latest example of the federal governments continued struggle with oversight over its outside contractors.
Chump change compared to the trillions the Obamites have magically made disappear. (Hey, they said he was "magic").
$6 billion -- meh...
One commonly-used, ridiculously easy MO:
A crooked govt insider in collusion w/ govt factotums creates phony invoices (supposedly submitted by "contractors" for work that never existed).
The govt agency then writes the check to pay the bill out of govt funds set aside for contractual work.
But the check is deposited in a secret LLC account, accessible only by the crooked insider.
Billions can be stolen in this easy-peasy, no-sweat manner.
I like this post
$6 billion missing under Hillarys watch (that we know of) (cackle).
Explains why Hillary gets all that favorable publicty, all those A+ polls.....always at THE TOP of the 2016 wannabees....
......shes paying plenty to keep herself up there.
freedomoutpost.com (EXCERPT)---the American Freedom Law Center, has been engaged in a long and drawn out lawsuit against Hamas front group, CAIR.
Hamas-CAIR has been running a global criminal money laundering operation out of Washington, DC. "The money laundering scheme was discovered in the course of legal discovery in unrelated federal litigation arising out of allegations by five of CAIR's former clients that CAIR defrauded them by failing to provide the legal services they had been promised."
THE MODUS OPERANDI To avoid reporting these millions of dollars from the dubious Islamist sources and to avoid registering as an agent for a foreign sovereign as required by federal law, CAIR created a separate company called CAIR-Foundation, Inc---an IRS-approved 501(c)(3) charitable organization.
CAIR itself quit filing any federal tax returns from 2008-2010 and allowed the IRS to withdraw its status as a 501(c)(4), converting itself to a regular for-profit corporation. CAIR also stopped all of its operations and became simply a holding company, transferring, at least on the books, all of its employees and equipment to CAIR Foundation. --snip--
SOURCE http://freedomoutpost.com/2013/09/muslim-brotherhood-hamas-front-group-cair-money-laundering-us-capital/#ixzz2jOgy8k7H
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