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How the Pentagon Was Duped by Contractors Using Shell Companies

5-1-2020 < Blacklisted News 7 117 words
 

<i>The Pentagon, Image Source: <a href='https://www.flickr.com/photos/mindfrieze/2196640900'>Flickr</a></i>


Duped. *wink*


Missing $21 trillion? Yep, still missing.


Via: Bloomberg:


Shell companies have come under attack for obscuring illicit money flowing into real estate. But it turns out they’re also a problem for the Pentagon.


Some Defense Department suppliers have used such front companies to fraudulently win manufacturing bids, according to a U.S. Government Accountability Office study of Defense Department contractors.


In some cases, the shell companies helped contractors obscure that they were making U.S. military equipment abroad, the GAO said, posing a risk to national security and quality control. More often, they were used to win contracts meant for companies owned by disabled veterans or minorities, it said.


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