The Corporate World - Written by Jere Beasley on Friday, November 7, 2008 10:22 - 0 Comments
The fraud we know about may be just the tip of the iceberg
There is no telling how much fraud and corruption has occurred since President Bush invaded Iraq and we started our costly occupation of that country. There has been very little oversight over the massive number of no-bid government contracts given out during the years we have been bogged down in Iraq. A recent example involved a former Army contractor who pleaded guilty to theft after admitting he and others stole nearly $40 million in jet and diesel fuel from a U.S. Army base in Iraq. Lee W. Dubois of Lexington, South Carolina, faces up to ten years in prison when he is sentenced.
Dubois is a former Army captain who later took a job with Future Services General Trading & Contracting Co., a Kuwait-based contractor. Dubois admitted he and others used false paperwork to draw more than 10 million gallons of fuel from Camp Liberty in Baghdad to sell on the black market. Court papers indicate Dubois personally earned at least $450,000 from the scheme. Unfortunately, there have been many more similar incidents.
Source: Associated Press
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