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Originally Posted by bigmack
What again was the level of wrongdoing by Halliburton?
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Ok, ya got me. Although Enron was totally guilty and "Kenny boy" Lay, Georgies pal was a true goniff, Halliburton/KBR/Brown and Root were only 1/2 way guilty of Fraud, and only sometimes goniffs
http://www.politifact.com/truth-o-me...ing-history-s/
Government officials have raised many questions about KBR's fulfillment of its contracts, everything from billing for meals it didn't serve to charging inflated prices for gas to excessive administrative costs. Government auditors have noted that KBR refused to turn over electronic data in its native format and stamped documents as proprietary and secret when the documents would normally be considered public records.
Over the course of several years, the Defense Contract Audit Agency found that $553 million in payments should be disallowed to KBR, according to 2009 testimony by agency director April Stephenson before the bipartisan Commission on Wartime Contracting in Iraq and Afghanistan.
Commissioner Charles Tiefer, a professor at the University of Baltimore Law School, said that amount represents a small portion of everything that auditors examined as potentially questionable.
"The DCAA is known for cautious conclusions about contracting," Tiefer said. "The large majority of those auditor findings get actually withheld from the contractor."
KBR itself acknowleges it may not get paid for all of its contract services.
In its most recent annual report filed with the Securities Exchange Commission, it acknowledged that the Defense Contract Audit Agency was recommending withholding $289 million in contract costs not yet paid and asking for the return of $121 million already paid. "We continue to work with our administrative contracting officers, the DCAA and our subcontractors to resolve these issues. However, for certain of these matters, we have filed claims with the Armed Services Board of Contract Appeals or the United States Court of Claims," the report states.
