Fiscal Irresponsibility: State Dept ‘Misplaced’ $6 Billion Under Hillary Clinton

Barb Wire

By Adam Kredo

The State Department misplaced and lost some $6 billion due to the improper filing of contracts during the past six years, mainly during the tenure of former Secretary of State Hilary Clinton, according to a newly released Inspector General report.

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 [last] week, warns that the missing contracting funds “could expose the department to substantial financial losses.

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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 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.

The State Department appeared to agree with the IG’s recommendations in a March 28 response and said that it intends to ensure that contracts are completed properly.

Read more: WashingtonTimes.com

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