Tumblr Icon RSS Icon

State rewards Blackwater after finding fraudulent practices.

Posted on

"State rewards Blackwater after finding fraudulent practices."

Share:

google plus icon

A January 2005 reporton Blackwater’s Iraq contract by the State Department’s inspector general found “problems with how Blackwater tallied its labor costs, its overhead-expense costs, and its indirect costs. It also found that Blackwater cited its profit from the contract as a cost it incurred, and billed the government for it — resulting in what the report called ‘a pyramiding of profit.’” According to TPM’s Spencer Ackerman, who obtained the report through a FOIA request, the State Department “re-signed a deal with the company” months after finding the fraudulent accounting. More here.

« »

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.