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Old 17th August 2007, 10:50   #1
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Default Cost of Parts: 19 Cents; Cost of Shipping: $998,798!!!

These Americans never cease to amaze me, here's a look at the latest story!

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A small South Carolina parts supplier collected about $20.5 million over six years from the Pentagon for fraudulent shipping costs, including $998,798 for sending two 19-cent washers to a Texas base, U.S. officials said.

The company also billed and was paid $455,009 to ship three machine screws costing $1.31 each to Marines in Habbaniyah, Iraq, and $293,451 to ship an 89-cent split washer to Patrick Air Force Base in Cape Canaveral, Florida, Pentagon records show.


The owners of C&D Distributors in Lexington, South Carolina -- twin sisters -- exploited a flaw in an automated Defense Department purchasing system: bills for shipping to combat areas or U.S. bases that were labeled ``priority'' were usually paid automatically, said Cynthia Stroot, a Pentagon investigator.

C&D's fraudulent billing started in 2000, Stroot, the Defense Criminal Investigative Service's chief agent in Raleigh, North Carolina, said in an interview. ``As time went on they got more aggressive in the amounts they put in.''

The price the military paid for each item shipped rarely reached $100 and totaled just $68,000 over the six years in contrast to the $20.5 million paid for shipping, she said.


Linky to the source
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Old 17th August 2007, 11:16   #2
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Its called Innovative Thinking. Hehehe. Brainy guy he was, but lasted not long.

In my business ( Shoes / Footwear & Leather ), I come across people who look like saints but the amount of '' ghapla '' or '' fraud '' that they do can put a normal businessman to shame. Americans though have always been very sleazy, Indians now not too far behind

Interesting piece of new BTW. Cheers !!!
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Old 17th August 2007, 11:26   #3
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wow - thats ingenuity. I guess its like how they did the "round of thing" in all banking transactions and transfered it to an account - well - someone found a screw!
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Old 18th August 2007, 01:57   #4
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Alas! They did not know when to stop and when to pull out.
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Old 18th August 2007, 10:16   #5
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Quote:
Originally Posted by vkochar View Post
Its called Innovative Thinking. Hehehe. Brainy guy he was, but lasted not long.
Twin sisters.
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