To: American Spirit who wrote (17122 ) 4/22/2004 2:22:49 PM From: Patricia Trinchero Respond to of 81568 There is incredible fraud occurring in Iraq with our valuable tax dollars. No oversight has been used to monitor the billions being spent in Iraq. Rampant fraud and bribery is commonplace:kgoam810.com The spoils of war add up to more than capturing expansive palaces and luxury cars. As Marketplace reporters have discovered, not all of the $22 billion being spent to rebuild Iraq is going where it should. Who's watching the money as it streams through Baghdad? Just about no one, and bribes and black marketeering are rampant, witnesses say. A leading anti-corruption group claims that massive amounts of U.S. money spent in Iraq is being lost to corruption. From Halliburton subsidiaries charging double for gas, Iraqi officials and Arabic translators unrestrained from pocketing millions of dollars, or even members of the interim governing Council accusing each other of taking tens of millions in bribes. Trouble is, the root of the problem can't be found anywhere near the Green Zone. Try the White House, and Capitol Hill, where oversight of Iraqi construction crews and U.S. contractors like Halliburton has only just begun to be assigned… more than a year after the war began. Marketplace's four-part series was produced by Karen Lowe. "Spoils of War" was produced in cooperation with the Center for Investigative Reporting, with funding from The Economist magazine. Iraq's Reconstruction Boom: The troubles in Iraq continue to mount. More than 100 U.S. troops have died there so far this month, making April the deadliest for U.S.-led forces since the fall of Saddam Hussein. Occupation and Iraqi forces have been unable to establish security in Iraq's cities. Against this violent and unstable backdrop, the United States has embarked on its largest postwar reconstruction effort ever. American taxpayers are footing a more than $20 billion tab to build schools, bridges, houses and power grids in Iraq. The security crisis has slowed the reconstruction effort, but President Bush has vowed that his administration will not stop until the work is done. Even if there were no security problems, the reconstruction might not proceed as well as the administration hoped. Millions - possibly billions - of taxpayer dollars are disappearing in a web of bribes, kickbacks and price gouging. From Baghdad, Marketplace's Adam Davidson follows the money. Broadcast Date: Tuesday, April 20, 2004 Where is the Money Going: Today the United nations Security Council unanimously approved an independent investigation into its oil-for-food program for Iraq. U.S. lawmakers claim that while Saddam Hussein was in power, billions of dollars were bled off in kickbacks to officials, activists and journalists from 46 countries. Though Saddam is gone, as is the oil-for-food program, there are signs the culture of corruption is intact. The U.S. has earmarked $20 billion to rebuild Iraq. Yesterday, in our series 'The Spoils of War' Marketplace's Adam Davidson looked at the looseness of the ledgers. Today, he walks the streets of Baghdad where, he says, the evidence of corruption is quite visible - if you know where to look. Is Anyone Accountable?: Over the past week, Marketplace's correspondent Adam Davidson has recounted how pervasive corruption on the ground in Iraq. American taxpayers are contributing 22 billion dollars to the largest reconstruction effort in history. It's a monumental cash pipeline. And some of the biggest U.S. companies as well as newcomers have been accused of tapping that pipeline improperly. It makes you wonder where the backstops are. The Center for Investigative Reporting collaborated with us on this report. Mark Schapiro picks up the story in Washington where he tried to find out how good deals go bad. Broadcast Date: Thursday, April 22, 2004 The Buck Stops Here: There is a lot of anger in Iraq right now towards the US occupation of the country. Some of the bitterness comes from frustration over the slow pace of fundamental change in the country. And central to change was snuffing out corruption. Many had pinned their hopes on the Americans to take care of things. But in three months of investigating the story, Marketplace found that the problem is as deeply embedded in Washington as it is in Baghdad. Mark Schapiro, of the Center for Investigative Reporting, picks up the story on Capitol Hill. Broadcast Date: Friday, April 23, 2004