Posted on 05/31/2016 5:42:12 AM PDT by euram
The State Department misplaced and lost some $6 billion due to the improper filing of contracts during the past six years, mainly during the tenure of former Secretary of State Hilary Clinton, according to a newly released Inspector General report.
(Excerpt) Read more at washingtontimes.com ...
Just like the Rose Law firm records.
I wouldn't be surprised at ALL that much of that money ended up in the Clinton Foundation coffers under numbered accounts in offshore financial centers.
One time I accidentally left $1 billion on the bar. Luckily it was there when I came back the next day.
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 Department’s 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 government’s continued struggle with oversight over its outside contractors.
Related link: Government Blatantly Wastes $30 Billion This Year
lack of oversight “exposes the department to significant financial risk,” the auditor said. “It creates conditions conducive to fraud, as corrupt individuals may attempt to conceal evidence of illicit behavior by omitting key documents from the contract file. It impairs the ability of the Department to take effective and timely action to protect its interests, and, in tum, those of taxpayers.”
In the memo, the IG detailed “repeated examples of poor contract file administration.” For instance, a recent investigation of the closeout process for contracts supporting the mission in Iraq, showed that auditors couldn't find 33 of the 115 contract files totaling about $2.1 billion. Of the remaining 82 files, auditors said 48 contained insufficient documents required by federal law.
In another instance, the Bureau of International Narcotics and Law Enforcement issued a $1 billion contract in Afghanistan that was deemed “incomplete.”
Related LINK: Government Wastes More Money Than You Think
The auditor recommended that the State Department establish a centralized system to track, maintain and retain contract files. The department responded and said it concurred with the recommendations to address the “vulnerability” in its contracting process.
Before Linick took office last fall, the State Department had been without an inspector general position for five years—the longest IG vacancy in the government’s history, as noted in The Washington Post.
Top Reads Linked from The Fiscal Times: •Holder and Mueller Spent $7.8 Million on Personal Travel •Hospitals Plot the End of Insurance Companies •High Tax States Are Losing Billions
How does any organization LOSE 6 billion dollars ?
Answer: It DOESN”T.
It was STOLEN !
Stolen NOT lost......nails it.
When he went to jail, investigators found Ponzi King Bernie Madoff had stashed billions offshore---into a labyrinth of financial entities.
COLLUSION AND CONSPIRACIES GALORE Some $8.9 billion was funneled to Madoff through a dozen so-called feeder funds based in Europe, the Caribbean and Central America......a labyrinth of hedge funds, management companies and service providers that, to unsuspecting outsiders, seemed to compose a formidable system of checks and balances.
But the purpose of this complex architecture was just the opposite: the feeder funds provided different modes for directing money to Madoff in order to avoid scrutiny.
INCONVENIENT FACTOID---The hydra-headed Cheryl Mills---(1) Hillary's COS, (2) Clinton Foundation employee, (3) campaign factotum, and, (4) perennial govt parasite leftover from the Clinton admin---lives in Washington, DC, with her domestic partner, David Dominici, and their two children, Lucca and Indigo.
David Dominici designed the Nebraska school program, and became the founding Principal of the school, called the Maya Angelou Academy. He started his first nonprofit, DCWorks, at the age of 22.
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FREEPER ACTION PROJECT---CONTACT CONGESS HERE--- http://www.contactingthecongress.org/
DEMAND CONGRESS SEND YOU THE FOLLOWING INFORMATION AT ONCE:
<><> The full extent of State Dept grants to Cheryl Mills' BlackIvy projects listed below, including salaries, expenses and grants, from tax dollars.
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BLACKIVY WEB SITE--- http://blackivygroup.com/portfolio/outdoor-photoshoot/ Our 2015 enterprises to date include:
<><> Indigo Homes, middle and upper income housing in the capital city of Accra and the burgeoning Takoradi region of Ghana
<><> WestPark, the first modern industrial and commercial zone in the asset-rich oil and gas city of Takoradi, Ghana, providing a platform with reliable power and infrastructure to grow manufacturing and other local and international businesses
<><> Coast Intermodal Terminal, an intermodal logistics park in the Coast region of Tanzania, just outside Dar es Salaam. Served by two dedicated rail lines, the 500-acre site will handle cargo loading/unloading, customs processing, and container storage, with scope to expand into an industrial hub over the adjacent 3,800 acres of prime land we secured.
BGRND Founded by Cheryl Mills, former Counselor and Chief of Staff at the U.S. State Department, with Founding Principal Jean-Louis Warnholz, BlackIvy has an experienced and growing team of investment professionals, operators, and experts.
We are backed by an investor group of successful financiers and entrepreneurs, including Beck, Mack & Oliver, Steve Case, Continental Grain, Ray Dalio, Woong-Ki Kim, John Mack and Tony Welters.
BlackIvy assesses economic drivers that favor accelerated development; identifies enterprises poised to capitalize on a regions growth; and, leverages our assets to overcome barriers to entry and operation. We develop nascent opportunities, operating with local partners and teams we have on the ground.
We are skilled at deploying the acumen, talent and relationships needed in Africa. We have earned the trust of private partners, government leaders and local stakeholders.
Africa is the second fastest growing region in the world. The growth outlook is robust and underpinned by the world’s fastest growing middle class, rapid urbanization and untapped mineral and agricultural resources. BlackIvy is anchored in Ghana and Tanzania, with 6.3% and 7% projected annual economic growth (2012-17) respectively.
Our anchor countries serve as the natural gateways to the thriving West and East African regions, enjoy political stability and harness the gains from natural resource booms and middle class consumers entering the marketplace, creating sustained demand growth for new products and service.
COPYRIGHT 2015 BlackIvy. All rights reserved.
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FROM A BUSINESS WEB SITE: Blackivy Group LLC Industry Business Consulting Services Office Address 1361 Locust Rd Nw Washington, District of Columbia 20012-1325
Blackivy Group LLC is a small, fairly new business consulting company in Washington, DC. It opened in 2013 and now has an estimated $51,000 in yearly revenue and 1 employee.
Betcha Sid Blumenthal knows where some of the missing money is.
INCONVENIENT FACTOID Sid Blumenthal was the conniving Clintons’ bagman-—a $325,000 employee of the Clinton Foundation, he promoted dubious foreign deals and schemes in which he had a financial interest.
Blumenthal was ambidextrous-—emailing Libya foreign policy messages w/ one hand....his other hand firmly in the State Dept cookie jar.
In one confidential e-mail to Clinton, Blumenthal was clearly colluding w/ onetime Amb Joe Wilson to help himself to the cookie jar.
GAME ON Wilson pumped himself as a ‘director’ of Symbion Power-—an outfit seeking millions of dollars in contracts from an obscure government agency chaired by Hillary....the Millennium Challenge Corp. (MCC)
In September 2010, Hillary’s MCC awarded Symbion $47 million tax dollars for (cough) ‘power projects in Tanzania.’
EVER WONDER how much of the $47 million tax dollars got to Tanzania....after the players divvied it up among Blumenthal, Wilson, the Clintons, Obama?
FREEPER ACTION PROJECT—DO THIS NOW: demand the MCC books be opened. We demand to know the financial details and the scope and dimension of individuals connected to the State Dept profiting at taxayers’ expense.
CONTACT CONGESS HERE-—http://www.contactingthecongress.org/
“How does any organization LOSE 6 billion dollars ?
Answer: It DOESN”T.
“It was STOLEN!”
Criminal Clintoon at work as the SOS. When contributions from the Opecker Princes and Wall Street ran low, she managed to keep the money flowing into the Clintoon Charity.
Taxpayers demand to see ALL the ire transfers in and pout of the State Dpt....as ell as those in and out of the Clinton foundation.
Black budget ops for Isis!?
If they actually follow through with this, we may not find the money, but we sure as hell will know it was stolen, and probably a few of the players.
6 billion from the state department probably bought her 2 billion for the Clinton crime syndicate foundation....
2 billion from 6 billion, that can;t be right, no government program is over 30% efficient...
——bought her 2 billion for the Clinton crime syndicate foundation....-—
Bought her $2 billion kicked to corporations that donated it to the Clinton Crime Foundation
[ Bought her $2 billion kicked to corporations that donated it to the Clinton Crime Foundation ]
Almost every government expenditure is a inefficient bribe channeled through multiple levels and efficiency is never a concern...
congress would spend a billion dollars of YOUR MONEY to put a literal nickel into THEIR pocket.
This story needs repeating.
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