Thursday, November 17, 2005

Todays subject is Fraud. and today's leading fraud story is the "waiting for the toehr shoe to drop" story wheich we have all been anticipating ever since these no bid halliburton contracts were given out.
the official in charge says this is the first, but definitely not the last. Stay tuned.

America, United States, Times Online, The Times, Sunday Times: "A former official with the US governing administration in Iraq and a contractor have been arrested on charges involving a bribery and fraud scheme.


The defendants were identified as Robert Stein, funding officer for the Coalition Provisional Authority in 2003 and 2004, and Philip Bloom, the owner of numerous construction and service companies.
These multimillion-dollar bribery and fraud charges are the first of a dozen similar corruption cases arising from the postwar reconstruction of Iraq, American officials said yesterday. Mr Bloom, who ran three companies competing for contracts, was charged with paying �bribes, kickbacks and gratuities� of at least $200,000 (�116,500) a month to members of the Coalition Provisional Authority and their spouses. "

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