State Department has $6 billion in missing funds due to lack of oversight

Patrick Howley Political Reporter
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The U.S. State Department does not know what happened to $6 billion in money intended to pay outside contractors, including companies in Iraq and Afghanistan.

A recently released management alert found that a lack of oversight at the agency resulted in the six billion missing dollars.

The department’s lack of oversight “exposes the department to significant financial risk,” according to the memo, and “creates conditions conducive to fraud, as corrupt individuals may attempt to conceal evidence of illicit behavior by omitting key documents from the contract file. It impairs the ability of the Department to take effective and timely action to protect its interests and, in turn, those of taxpayers.”

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