LOSING 3 TRILLION SMACKEROOS

February 15, 2005

Losing Three Trillion Smackeroos

After declaring $3 trillion can not be accounted for, Pentagon

Comptroller Dov Zakheim has left the building. He will join Booz

Allen Hamilton through the traditional revolving door for government-

corporate insiders.

A former Deputy Undersecretary of Defense from 1985-1987 and Pentagon

Comptroller since 2001, Zakheim was responsible for mismanaging more

than $400 billion annually, as Pentagon discredited audits have

persisted year after year.

....

In the context of 9/11 it also needs to be pointed out that Rabbi Dov

Zakheim was Chief Executive Officer of System Planning Corporation's

International Division until President George W. Bush appointed him

Undersecretary of Defense and Comptroller of the Pentagon.

....

The Department of Defense has never received a clean financial audit.

As recently as the December 18, 2003 audit by GAO (General Accounting

Office), the Pentagon's 'War on Iraq Scam' and other Information

Technology (IT) Fraud yielded $1.6 billion in " losses, "

money " missing " and otherwise unaccounted for.

In an article from " Government Executive " magazine ( " Bye Bye

Budgeteer, " May 2004) Zakheim admitted, " ...we are in the business of

fighting wars.

We are not in the business of balancing books. "

Zakheim, an ordained rabbi, is leaving Pentagon finances in shambles

with more than 5,000 different financial systems supposedly in place.

That means 5,000 open-ended opportunities for fraud.

If his position was Chief Financial Officer of a major corporation,

Zakheim would be charged with criminal conspiracy, negligence and

thousands of counts of fraud. As it is, he is joining the so-called

private sector.

After all, privatizing government fraud through the control of

accounting and IT systems in federal agencies is the most lucrative

scam in America.

....

Cat= & Board=news_crime & Number=293367988

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