An expense account to envy: taxpayers foot the tab for lost loot - Mercedes-Benz Forum

LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 10-22-2008, 02:23 AM Thread Starter
Jakarta Expat's Avatar
Date registered: Aug 2006
Vehicle: PM me to Join the Expat Muslims for Obama Club........
Location: Jakarta, Indonesia
Posts: 17,697
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
(Thread Starter)
An expense account to envy: taxpayers foot the tab for lost loot

An expense account to envy: taxpayers foot the tab for lost loot
WASHINGTON - Say you misplaced $185,481 somewhere? Just expense it - Iraq style!

A U.S. contractor hired to teach Iraqis about good government physically lost that amount in cash, then claimed the loss as "an expense."

And the U.S. government not only covered the loss, but paid the contractor tens of thousands of dollars more in special fees for overhead and other costs relating to the missing money.

The case was revealed in a report by the Special Inspector General for Iraq Reconstruction.

At issue is an admittedly small portion of money committed in a deal with the non-profit Research Triangle Institute of North Carolina.

The institute was awarded two contracts in 2003 and 2005 valued at $598 million to help Iraqis work on building local government and representative councils across the country's 18 provinces.

An expense account to envy: taxpayers foot the tab for lost loot
Jakarta Expat is offline  
Sponsored Links

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Off-Topic

Quick Reply

Register Now

In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode

    Similar Threads
    Topic Author Forum Replies Last Post
    service and maintenance expense on a B200 turbo CVT focal W245 B-Class 28 10-22-2008 01:24 AM
    Loot! Punjabi Off-Topic 33 02-18-2008 02:36 AM
    Funded by Nazi loot, storm-trooping Swiss attack. ThrillKill Off-Topic 2 03-02-2007 11:28 PM
    Court leery of suits by taxpayers GeeS Off-Topic 0 03-01-2007 07:56 AM
    G - Envy ? 2000BEAST G-Class 1 10-23-2006 07:37 AM

    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On


    Title goes here

    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome