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>>

  • FAA ends ban on U.S. flights to Tel Aviv

    FAA ends ban on U.S. flights to Tel Aviv

    Thursday, July 24 2014 10:11 AM EDT2014-07-24 14:11:59 GMT
    The Federal Aviation Administration has lifted its ban on U.S. carriers from flying to Tel Aviv. The announcement was made late Wednesday night.The FAA had extended the ban on Thursday afternoon after its first ban went into effect 24 hours earlier. The decision was made after a rocket launched into Israel from Gaza landed near the Ben Gurion Airport.
    The Federal Aviation Administration has lifted its ban on U.S. carriers from flying to Tel Aviv. The announcement was made late Wednesday night.The FAA had extended the ban on Thursday afternoon after its first ban went into effect 24 hours earlier.  The decision was made after a rocket launched into Israel from Gaza landed near the Ben Gurion Airport. United Airlines will be the first U.S. carrier to resume flights to Israel after a two-day hiatus caused by combat.
  • New Jersey sues over Florida pizza shop logo

    New Jersey sues over Florida pizza shop logo

    The New Jersey Turnpike Authority wants a Florida pizza shop to pay a big toll for using a logo similar to the iconic Garden State Parkway's green and yellow signs.
    The New Jersey Turnpike Authority wants a Florida pizza shop to pay a big toll for using a logo similar to the iconic Garden State Parkway's green and yellow signs.
  • Suspect arrested in dismembered Brooklyn woman murder case

    Suspect arrested in dismembered Brooklyn woman murder case

    Thursday, July 24 2014 8:08 AM EDT2014-07-24 12:08:03 GMT
    Police say they arrested and charged a suspect in connection with the murder of a Brooklyn woman whose body parts were discovered in Bay Shore. Suffolk County homicide squad and the US Marshals NY/NJ Regional Fugitive Task Force arrested Leah Cuevas, 42, on Wednesday night. Cuevas lived on 346 Sumpter Ave. in Brooklyn, the same address as the victim, Chinelle Latoya Thompson Browne, 27. Cuevas was charged with second-degree murder and held overnight at Suffolk's Fourth Precinct.
    Police say they arrested and charged a suspect in connection with the murder of a Brooklyn woman whose body parts were discovered in Bay Shore. Suffolk County homicide squad and the US Marshals NY/NJ Regional Fugitive Task Force arrested Leah Cuevas, 42, on Wednesday night. Cuevas lived on 346 Sumpter Ave. in Brooklyn, the same address as the victim, Chinelle Latoya Thompson Browne, 27. Cuevas was charged with second-degree murder and held overnight at Suffolk's Fourth Precinct.
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 | Terms of Service | Ad Choices