No Honor Among Thieves

One US company is accused of massively inflating its profits by setting up sham companies to send fake invoices which the coalition paid.

What a surprise. Cash is missing in Iraq. Billions of dollars have gone to Halliburton, Bechtel and other corporations to "reconstruct" Iraq. Needless to say, Iraq is still a mess and as late as last week Baghdad had no running water. The BBC has part of the story, the Australian has more details of theft.