Inspector General says $6 billion is unaccounted for - New York News

Inspector General says $6 billion is unaccounted for

Posted: Updated:
NEW YORK (MYFOXNY) -

The Inspector General reports that approximately $6 billion in missing funds are either incomplete or lost contract files. The findings pose a significant financial risk and demonstrate a lack of internal control.

The mismanagement appears to have started before Hillary Clinton’s tenure as Secretary of State. It did however; continue throughout her six years there. Critics argue it shows a corrupt department.

Former US Ambassador John Bolton says it is an example of waste, fraud and abuse. "You could prevent this kind of waste from going on, but unfortunately people are not paying attention," he said. "I'm sure Hillary Clinton will get to explain this during her presidential campaign."

Here are some examples:

The Inspector General lists contracts related to the War in Iraq, specifically, 33 out of one hundred and fifteen files could not be found. Those 33 contracts alone cost about $2.1 billion in missing funds.

The report also shows another 48 out of 82 other contract files which did not include the proper paper trail and those files also came up to about $2.1 billion.

In its report, the IG suggests the need for a more organized system and the State Department agreed with the auditor's suggestion. The Clinton family has not responded to these latest findings

  • Local NewsLocal NewsMore>>

  • Subway bedbug infestations on the rise

    Subway bedbug infestations on the rise

    Monday, September 1 2014 6:48 PM EDT2014-09-01 22:48:09 GMT
    It appears the subway bedbug problem we've been reporting is getting worse. Commuters already have to contend with sweltering platforms, scurrying rats and packed train cars, and now there's another transit woe: fear of bedbugs.
    It appears the subway bedbug problem we've been reporting is getting worse. Commuters already have to contend with sweltering platforms, scurrying rats and packed train cars, and now there's another transit woe: fear of bedbugs.
  • Hope's Land of Candy

    Hope's Land of Candy

    Monday, September 1 2014 6:26 PM EDT2014-09-01 22:26:26 GMT
    Step through the doors of Hope's Land of Candy in Island Park, Long Island and you''ll be taking a trip back in time. There's no WIFI but they do have a player piano, Victrola, and then there the candy, lot and lots of it.
    Step through the doors of Hope's Land of Candy in Island Park, Long Island and you''ll be taking a trip back in time. There's no WIFI but they do have a player piano, Victrola, and then there the candy, lot and lots of it.
  • West Indian Day Parade steps off amid shootings

    West Indian Day Parade steps off amid shootings

    Monday, September 1 2014 6:05 PM EDT2014-09-01 22:05:47 GMT
    The West Indian Day Parade is supposed to be a time of fun and excitement in celebration of Caribbean culture. However, several shootings near the parade has turned it into a day of tragedy for some.
    The West Indian Day Parade is supposed to be a time of fun and excitement in celebration of Caribbean culture. However, several shootings near the parade has turned it into a day of tragedy for some.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices