Tuesday, June 16, 2009

Audit Finds That US Overpaid Blackwater - Yochi Dreazen, Wall Street Journal

Blackwater contractors, shown in 2005, secure the site of a roadside bomb attack near Iran's embassy in Baghdad.

From The Wall Street Journal:

WASHINGTON -- A government audit found that the State Department overpaid the contract-security firm once known as Blackwater Worldwide by tens of millions of dollars because the company failed to properly staff its teams in Iraq.

The report didn't identify any specific security breaches, but it said the State Department should have withheld at least $55 million in payments to the company because of the shortfalls.

Read more ....

My Comment: The company is bankrupted and closed down .... this is a fleecing a dog that has already been fleeced.

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