US Military loses $8.7 Billion in Iraqi oil money

The Defense Department is unable to properly account for $8.7 billion out of $9.1 billion in Iraqi oil revenue entrusted to it between 2004 and 2007, according to a newly released audit that underscores a pattern of poor record-keeping during the war.

Of that amount, the military failed to provide any records at all for $2.6 billion in purported reconstruction expenditure, says the report by the Special Inspector General for Iraq Reconstruction, which is responsible for monitoring U.S. spending in Iraq. The rest of the money was not properly deposited in special accounts as required under Treasury Department rules, making it difficult to trace how it was spent.

Though there is no apparent evidence of fraud, the improper accounting practices add to the pattern of mismanagement, reckless spending and, in some instances, corruption uncovered by the agency since 2004, when it was created to oversee the total of $53 billion in U.S. taxpayer money appropriated by Congress for the reconstruction effort.

Read full story from LA Times

Bravo comment:  No apparent evidence of fraud?  The fact it's missing is circumstantial evidence of fraud!  I challenge anyone reading this to explain to me why I should NOT assume some already-filthy-rich military complex industrialists didn't already pocket this money. 

What sort of false flag excuse to start another war could one perpetrate with $8.7 billion?  I bet 9/11 didn't cost that much.

US Military loses $8.7 Billion in Iraqi oil money