How To ‘Lose’ $6 Billion? Just Ask Hillary

How To ‘Lose’ $6 Billion? Just Ask Hillary

According to a newly released report from the Inspector General,  the U.S. State Department lost $6 billion through improper filing of contracts during the past six years, mainly under the management of former Secretary of State Hillary Clinton.

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The $6 billion in unaccounted funds poses a “significant financial risk and demonstrates a lack of internal control over the Department’s contract actions,” according to the report.

The alert, originally sent on March 20 and just released this week, warns that the missing contracting funds “could expose the department to substantial financial losses.”

The report centered on State Department contracts worth “more than $6 billion in which contract files were incomplete or could not be located at all,” according to the alert.

“The failure to maintain contract files adequately creates significant financial risk and demonstrates a lack of internal control over the Department’s contract actions,” the alert states.

The situation “creates conditions conducive to fraud, as corrupt individuals may attempt to conceal evidence of illicit behavior by omitting key documents from the contract file,” the report concluded.

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Source: Washington Free Beacon

Photo: Capitol City Project

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