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You are here News Military Pentagon Reports Billions of Dollars in Contractor Fraud

Pentagon Reports Billions of Dollars in Contractor Fraud

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The Pentagon paid hundreds of billions of dollars to defense contractors engaged in criminal or civil fraud -- in some cases paying the companies after they were convicted, according to a new Defense Department report.

At least 91 contractors holding contracts worth $270 billion were the subjects of civil fraud judgments -- and in some cases criminal fraud convictions as well, many of which resulted in fines, suspensions or debarments. Even so, Defense Department contracting officers still assigned $4.9 billion worth of work with these companies after the fraud was uncovered, the report said.

The contractors identified in the report include such blue-chip entities as Boeing, Lockheed Martin, General Dynamics, Pratt & Whitney, IBM and even the Yale medical school.

TVNL Comment: And in the case of Dick Cheney's buddies...the Pentagon awarded multiple NEW contracts to companies convicted or accused of massive fraud.

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