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What's happening in the federal IT community
By Monday, March 17, 2008 | 8:09 AM
Amazingly, it appears that the risk of contract fraud, waste and abuse doesn't exist overseas, only here in the United States. At least according to Office of Management and Budget, and the White House.
A story in the Washington Post notes that a new rule that requires U.S. contractors to report fraud, waste and abuse (FW&A) they find while performing work provided an exemption to those contractors doing work overseas.
So, the only conclusion one can reach is that OMB doesn't think there is any risk of FW&A in overseas contracts, or that it is perfectly OK for U.S. contractors to ignore (or engage in?) FW&A overseas.
So, which is it?
Comments
Can you say Halliburton. Quote: "The company, which was formerly run by Vice President Dick Cheney, had revenue of over $8 billion in contracts in Iraq in 2003 alone. And while Halliburton ’s dealings in Iraq have been dogged everywhere by scandal – including now a criminal investigation into overcharging by Halliburton subsidiary Kellogg Brown and Root for gas shipped into Iraq – Vice President Cheney manages to be doing quite well from the deal. He owns $433,000 unexercised Halliburton stock options worth more than $10 million dollars."
Now that could be a little FW&A, don't you think?
Typical White House "Ostrich Management". No wonder America's economy is going belly up and the government doesn't want to openly admit it. I worked overseas for over 18 years and can bet my retirement that FW&A is more profific overseas that it is in our own backyard. The problem is no one has the ostrich feathers to go after overseas FW&A, because we're afraid well upset our hosts. Don't want to do that now do we? We have so few hosts left, that want to host us, that we'll do anything not to cause a ruffle in the ostrich's six.
Karl | Tuesday, March 18, 2008 | 6:30 AM