Pentagon overpaid billionaire oilman by up to $200 million, audit finds

The Defense Department overpaid a billionaire oilman by as much as $200 million on several military contracts valued at nearly $2.7 billion, an internal audit has found.

The Washington Post reported that the Defense Department’s inspector general estimated that the department paid Harry Sargeant III, a Florida businessman and once-prominent Republican donor, “$160 [millions] to $204 million more for fuel than could be supported by price or cost analysis.”

Full story: Pentagon overpaid billionaire oilman by up to $200 million, audit finds