Another $1.2 Billion Pissed Away In Iraq

[LoungeMachine]

State Department says DynCorp Iraq contract in 'disarray' from poor management
October 23, 2007: 03:19 PM EST


NEW YORK, Oct. 23, 2007 (Thomson Financial delivered by Newstex) -- A U.S. State Department audit of a Dyncorp International (NYSE.DCP) LLC contract under the Iraq Relief and Reconstruction Fund released Tuesday found that investigators were unable to determine what the company had provided under the contract or how $1.2 billion in funds were spent.

The report of the special inspector general for Iraq reconstruction said invoices and supporting documents for the Iraq police training program managed by the State Department's International Narcotics and Law Enforcement Affairs (INL) bureau 'were in disarray,' and that during the initial year of the contract, INL's workload increased 'substantially' without a corresponding personnel increase. 'The result was poor contract management,' the report read, 'a problem that continued until recently. As a result, INL cannot provide a detailed accounting of the $1.2 billion expended under its DynCorp Iraqi police training program.'
INL said that it recognized that it had poorly managed the contract and that it was instituting initiatives, including increase its work force and rejecting out-of-scope or unsupported work.

The Department's report concluded that INL needs additional time to 'demonstrate its commitment to better contract management.'
DynCorp is a Falls Church, Va.-based aerospace and defense company. Its stock rose 5.9% to $23.62 Tuesday.

:rolleyes:

[LoungeMachine]

DynCorp, Hired To Train Iraqi Police Forces And Buy Weapons Loses $1.2bn
October 23, 2007 9:22 a.m. EST



Ayinde O. Chase - AHN Staff
Washington, D.C. (AHN) - The charges of fiscal irresponsibility towards the Bush Administration are growing louder with reports surfacing the U.S. State Department is unable to account for most of $1.2 billion dollars. The huge chunk of cash came in the form of funding given to DynCorp International to train Iraqi police.

"The bottom line is that State can't account for where it went," said Glenn D. Furbish, who was involved in putting together a 20-page government report for the special inspector general for Iraq reconstruction (SIGIR).

The Department of State's Bureau for International Narcotics and Law Enforcement Affairs (INL) "did not have the information needed to identify what DynCorp provided under the contract or how funds were spent," the report said.

DynCorp was supposed to provide housing, food, security, facilities, training support, law enforcement staff with various specialties as well as weapons and armor for personnel assigned to the program.

However in addition to the billion dollar plus loss making news, reportedly DynCorp is no stranger to problems. Special Inspector General for Iraq Reconstruction Stuart W. Bowen Jr. said, "I guess it's a familiar theme."

Elizabeth Verville, acting assistant secretary for the INL said in an AP article that management problems have been pointed out previously and a letter from the bureau was included in the new report outlining reforms that are under way. The bureau has added staff, is reviewing invoices and has demanded refunds and other reconciliation for some past questionable payments made to DynCorp.

Subsequently the audit agency assigned to the case has suspended its oversight of the agency's project until INL is able to collect more information.

Furbish said in a phone interview to CNN that the group's records were not detailed, and "From an audit perspective, we've identified the problem; they're working to rectify the problem."

The government report goes on to say that even though DynCorp did fulfill the contract with police forces in Iraq being trained and equipment provided. The report alleges invoices and supporting paperwork submitted by DynCorp "were in disarray."

Investigators also said that INL "had not validated the accuracy" of invoices received prior to last October, and "INL does not know specifically what it received for most of the $1.2 billion in expenditures under its DynCorp contract for the Iraqi Police Training Program."

Investigators conclude that an ineffectual accounting system "created an environment vulnerable to waste and fraud."

Sen. Joe Lieberman, I-Conn., chairman of the Senate Committee on Homeland Security and Governmental Affairs, said Monday: "Once again, (the inspector general) has shown how vulnerable the federal government is to waste when it doesnt invest up front in proper contract oversight. It will now take the Department of State three to five years to review invoices and demand repayment from DynCorps for unjustified expenses. This scenario is far too frequent across the federal government."

Adding to what many are learning with the recent Blackwater USA headlines and reports of huge landfall in contract awards Furbish said,

"Baghdad is its own arena.....Contract control has been a major shortcoming across the board."

[LoungeMachine]

http://www.dyn-intl.com/subpage.aspx?id=162

Isn't it funny, their web site says nothing about this on their "Dynacorp in the News" page.

So much for "we'll stand down as the Iraqi's stand up" bullshit.

Oh, and the General that was in charge of overseeing the building of the Iraqi Security Forces that now barely exist, and are infiltrated with "insurgents"?.............

You know him.





David Patareus


:gulp:

[Nickdfresh]

Well, I can't tell how this has affected the performance of the elite, professional Iraqi police. Amongst the finest organizations of law and order to ever exist; and the bane to evil doers everywhere...

[Nitro Express]

That's ok. Those fucking dollars aren't worth much. I keep watching the exchange rates. Soon the Iraqis will be using US Federal Reserve Notes in their bird cages and to wipe their butts with.