A 'fraud' bigger than Madoff
Senior US soldiers investigated over missing Iraq reconstruction billions
In what could turn out to be the greatest fraud in US history, American authorities have started to investigate the alleged role of senior military officers in the misuse of $125bn (£88bn) in a US -directed effort to reconstruct Iraq after the fall of Saddam Hussein. The exact sum missing may never be clear, but a report by the US Special Inspector General for Iraq Reconstruction (SIGIR) suggests it may exceed $50bn, making it an even bigger theft than ... Full Story »
Posted by Dwight Rousu
My gut tells me it is true, and there's more where it came from--but that's simply not good enough.