Aug 172007
 

Silly me, I honestly thought that the days of insanely ridiculous pentagon spending were past. I should of known better. According to Reuters

WASHINGTON (Reuters) – The U.S. Defense Department said on Thursday that a flawed system designed to rush supplies to troops in Iraq and Afghanistan let a small-parts supplier improperly collect $998,798.38 to ship two 19-cent washers.

The lock-washer incident was the last in a series of abuses by twin sisters running a South Carolina company that bilked the Pentagon out of about $20.5 million in fraudulent shipping costs, federal prosecutors said after obtaining guilty pleas earlier in the day.

Related shipping claims were processed automatically “to streamline the resupply of items to combat troops in Iraq and Afghanistan,” said a statement by Reginald Lloyd, U.S. attorney for the district of South Carolina.

Lloyd said C&D fabricated shipping costs into the hundreds of thousands of dollars, as in the case of the washers, although the value of the items purchased rarely topped $100.

This isn’t a matter of one company ripping off the government, it’s a matter of a lack of accountability. How on Earth does no one notice an extra $20,000,000 missing from their account? Well, it’s easier when they aren’t your accounts. Under our current monetary system the government can simply print more bills whenever it wants more money. Since there’s nothing backing it it has no real value and therefore is meaningless to those who run the presses.

  One Response to “And You Thought eBay Shipping Was Expensive?”

  1. It is incredibly interesting to record it: P: D

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