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>>

  • Friday Night Live: August 22, 2014

    Friday Night Live: August 22, 2014

    Friday, August 22 2014 10:34 PM EDT2014-08-23 02:34:20 GMT
    This is Fox 5's Friday Night Live, a weekly celebration of the end of the work week. All summer long, the Fox 5 team brings you the latest in entertainment, nightlife, food, and music in our area. In this episode: Ace Frehley, Big Sean, Week End Trends, and Chef Luca Manfé of MasterChef.
    This is Fox 5's Friday Night Live, a weekly celebration of the end of the work week. All summer long, the Fox 5 team brings you the latest in entertainment, nightlife, food, and music in our area. In this episode: Ace Frehley, Big Sean, Week End Trends, and Chef Luca Manfé of MasterChef.
  • Berg'n: new beer and food hall in Brooklyn

    Berg'n: new beer and food hall in Brooklyn

    Friday, August 22 2014 10:00 PM EDT2014-08-23 02:00:35 GMT
    The guys behind the Brooklyn Flea and Smorgasburg are at it again with a new food and booze venue called Berg'n, a new beer hall in Crown Heights. The place doesn't officially open until August 27, 2014, but owners Eric Demby and Jonathan Butler are giving it a test run for special guests, family, and the press.
    The guys behind the Brooklyn Flea and Smorgasburg are at it again with a new food and booze venue called Berg'n, a new beer hall in Crown Heights. The place doesn't officially open until August 27, 2014, but owners Eric Demby and Jonathan Butler are giving it a test run for special guests, family, and the press.
  • Giving your college-bound kids their space

    Giving your college-bound kids their space

    Friday, August 22 2014 9:31 PM EDT2014-08-23 01:31:50 GMT
    Going off to college is an exciting time for the entire family, especially for the upcoming freshman. But with technology, parents can be in touch all the time. What's too much and what's just enough? Freshman move-in day seems to be harder on the parents than the students at Stony Brook University.
    Going off to college is an exciting time for the entire family, especially for the upcoming freshman. But with technology, parents can be in touch all the time. What's too much and what's just enough? Freshman move-in day seems to be harder on the parents than the students at Stony Brook University.
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