Iraqi Embezzlement

Special Inspector General for Iraq Reconstruction Stuart W. Bowen Jr. reported recently that the Coalition Provisional Authority could not account for $8.8 billion, about half of a development fund based on Iraqi oil revenues and entrusted to the CPA. We may never know the full scope of the mismanagement and fraud: At the moment, only one suit dealing with fraud committed against the CPA has been unsealed. No one knows how many more exist.

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