Executive Fraud Blog
The defense contractor, Custer Battles, has won again for the short term. For those of you that have not heard of them they were in charge of the Bagdad airport during the US led invasion. The issue at hand was their use of cost-plus contracts that would allow them to over charge the government by inflating actual costs an then tacking on an additional profit by using the plus percentage. When all is said and done with IRAQ I would not be surprised if they were to take a better look at where all the US taxpayers money went.
For more information check out Imperial Life in the Emerald City, it has an interesting view of the behind the scenes in IRAQ.
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