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Audit: Pentagon Mishandled $8B in Iraq Spending

HeadlineMay 23, 2008

Meanwhile, a new Pentagon audit has found more than $8 billion in taxpayer money has been spent on contractors in Iraq without following federal guidelines. In some cases, hundreds of millions of dollars were doled out to companies based on a single invoice signature. Auditors also found military officials mishandled at least $1.8 billion in seized Iraqi funds.

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