May 20, 2003

Missing in Action: One Trillion Dollars

Military accounting: $1 trillion missing: ``recent government reports suggest the Pentagon's money management woes have reached astronomical proportions. A study by the Defense Department's inspector general found that the Pentagon couldn't properly account for more than a trillion dollars in monies spent. A GAO report found Defense inventory systems so lax that the U.S. ``

It's not just the private sector anymore (Worldcom, Enron) that can lay claim to these huge financial scandals.

Posted by rusty at May 20, 2003 10:13 AM | TrackBack
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