According to the 2003 CRS Report for Congress, the total value of the annual global transfer of arms is over $25-billion US, with two-thirds of the arms going to developing countries. The five major suppliers – the United States, France, the United Kingdom, Russia, and China (the permanent members of the UN Security Council) – account for 80 per cent of all arms supplies. These weapons exacerbate armed conflict, inflict extraordinary suffering on populations around the globe, and fuel more than three-dozen ongoing wars. Yet there are no international controls on the arms trade. " Ploughshares
25 Most Vicious War Profiteers (7/22/2008)
State Dept. Can't Account For $1.2B Paid to DynCorp: Audit --Review identifies $29 million in overcharges by DynCorp in past year 23 Oct 2007 A government audit expected to be released Tuesday says that records documenting the work of DynCorp, the State Department’s largest contractor, are in such disarray that the department cannot say "specifically what it received" for most of the $1.2 billion it has paid the company since 2004 to train the police officers in Iraq... A review of DynCorp’s spending over the past year identified $29 million in overcharges by DynCorp, including $108,000 in business travel, according to a State Department letter in response to auditors. A separate review by the Defense Contracting Audit Agency found that DynCorp had billed for $162,869 of labor hours "for which it did not pay its workers." [See: DynCorp Disgrace By Kelly Patricia O'Meara 14 Jan 2002 Middle-aged men having sex with 12- to 15-year-olds was too much for Ben Johnston, a hulking 6-foot-5-inch Texan, and more than a year ago he blew the whistle on his employer, DynCorp, a U.S. contracting company doing business in Bosnia.]
Blackwater accused of tax evasion 22 Oct 2007 Blackwater USA, the security company that has come under intense scrutiny on Capitol Hill after a September 16 incident in which it allegedly opened fire on Iraqi civilians and killed 17, was accused on Monday by a senior Democratic lawmaker [Henry Waxman, CA] of evading tens of millions of dollars in federal taxes.
Inquiry urged on Hunt Oil contract in Iraq --Democrats say Bush ties may have led to Iraq oil contract 15 Oct 2007 Democratic lawmakers moved Monday toward investigating Hunt Oil's oil exploration contract in Iraq, saying the company's ties to President [sic] Bush raised questions about whether it had insider information that helped it reach the deal. U.S. Rep. Henry Waxman, chairman of the House Oversight and Government Reform Committee, and U.S. Rep. Dennis Kucinich, D-Ohio, asked Hunt to turn over all Iraq-related communication with the U.S. government by Nov. 2. The lawmakers also demanded that Ray Hunt, Hunt Oil's chief executive, submit copies of information he may have received about Iraq as a member of Mr. Bush's Foreign Intelligence Advisory Board.
Food Companies Face U.S. Probe Over Iraq Deals 17 Oct 2007 Prominent American food companies are under scrutiny in a federal probe of possible fraud and corruption in the military's food-supply operations for the Iraq war. Investigators from the Justice Department and the Defense Department are looking into deals that Perdue Farms Inc., Sara Lee Corp., ConAgra Foods Inc. and other U.S. companies made to supply the military, according to people involved in the inquiry. The companies made the deals with the help of former U.S. military procurement officials they hired as consultants or executives.
Private US military contractors may train Mexican drug forces 20 Oct 2007 The U.S. and Mexican governments are expected Monday to announce an 'anti'-drug package that will probably involve hiring private U.S. military contractors to train Mexican troops, senior U.S. officials said. The government's use of private contractors has been controversial, especially since a deadly incident involving mercenaries last month in Iraq. The counternarcotics plan calls for increasing U.S. anti[sic]-drug aid to Mexico, now estimated at $44 million a year, to $1.4 billion over two to three years, said officials speaking on the condition of anonymity.
Lawmaker accuses Blackwater of tax evasion --Blackwater "sought to conceal its conduct from Congress and law enforcement officials." 22 Oct 2007 The chairman of a congressional committee said on Monday that documents obtained by his panel suggest that private security contractor Blackwater USA "engaged in significant tax evasion." Rep. Henry Waxman, chairman of the House of Representatives Oversight and Government Reform Committee, accused Blackwater of "failing to withhold and pay millions of dollars in Social Security, Medicare, unemployment and related taxes."
Halliburton third-quarter profit rises 19 percent22 Oct 2007 Oil services company Halliburton Co on Sunday said third-quarter net profit rose 19 percent, helped by a tax benefit, new international contracts and higher activity from its customers.