@OmSigDAVID,
OmSigDAVID wrote:
Amigo,
If it is any COMFORT to u:
Richard Cheney is probably innocent of most of what u believe him guilty.
I suspect that u will not believe me.
David
Wrong. That is not probable. The facts, common sense and the record say that something else is probable.
July 15: Newsweek publishes the article, "Halliburton CEO Says Cheney Knew About Firm's Accounting Practices" revealing that Cheney was aware that the firm was counting projected cost overrun payments as revenues.39
July 29: A New York Times article quotes Cheney about corporate fraud: "The American people can be certain that the government will fully investigate and prosecute any wrongdoers". Cheney says the reform measure will "protect investors, bring more accountability to corporations and toughen controls of the accounting industry".40
July/August: It is revealed that while Vice President Cheney was Halliburton's CEO, the number of its subsidiary companies in offshore tax havens increased from 9 (in 1995) to 44 (in 1999). One of these subsidiaries (Halliburton Products and Services Ltd.), incorporated in the Caiman Islands, is used since 2000 to get around sanctions on doing business in Iran.41 At the same time, Halliburton's federal taxes dropped dramatically from $302 million in 1998 to an $85 million rebate in 1999.42
March: Congressman Henry Waxman launches an inquiry into the fact that the U.S. Army Corps of Engineers has secretly awarded a no-bid contract to KBR to extinguish oil well fires in Iraq. The contract has a huge cost ceiling of $7 billion, with additional fees of up to seven percent ($490 million). The mission and the contract have been "awarded without any competition or even notice to Congress, [… and] were entered into on March 8, but not disclosed publicly until March 24".53 This contract is open-ended. It is also a "cost-plus" contract, i.e. the company is guaranteed to recover costs plus an additional percentage of those costs as its profit. It is later revealed that the contract not only includes fighting fires, but also operating the oil fields. The administration replies to Waxman's questions on the lack of competition: "To invite other contractors to compete to perform a highly classified requirement […] would have been a wasteful duplication of effort. […] Only Kellogg Brown & Root Services […] could commence implementing the plan on extremely short notice" and "No other contractor could satisfy mission requirements in the time available".54 However, CBS reports that other qualified companies had attempted to bid on the contracts, but were shut out of the process. Bob Grace, president of GSM Consulting, after having contacted the Pentagon to inquire about the contracts, received a letter from the Department of Defense dated December 30, 2002 saying that it was "too early to speculate what might happen in the event that war breaks out in the region".55 This was "more than a month after the Army Corps of Engineers began talking to Halliburton about putting out oil well fires in Iraq",56 and in fact one month after the Secretary of Defense had granted such a contract to Halliburton.57 Furthermore, KBR did not actually put the fires out itself, but subcontracted the job to other companies: Boots & Coots International Well Control Inc., and Wild Well Control Inc.58
May 30: Twenty shareholder class-action lawsuits accusing Halliburton of using deceptive accounting practices while Dick Cheney led the company is settled for 6 million dollars. Halliburton doesn't admit to any wrongdoing.61
July 8: Following Judicial Watch's attempt to force the White House to disclose the names of nongovernmental officials who were consulted by the task force in 2001, the U.S. Court of Appeals for the District of Columbia Circuit affirms a lower court judge's order and thereby rejects Cheney's bid to keep all the workings of the Energy Task Force secret.62
December 2003: The Defense Contract Audit Agency (DCAA) confirmed in a preliminary audit that Halliburton and a Kuwaiti firm, Altamnia, had overcharged the U.S. government by at least $61 million through Sept. 2003 for the cost of gasoline imported into Iraq. Halliburton's KBR unit had been charging $2.64 per gallon to transport gasoline into Iraq while its competitors were transporting gasoline for less than half that price. The DCCA formerly asked the Pentagon's inspector general to investigate the overcharges and said the fuel importation contract was given to Altanmia "under unusual circumstances."
January 16, 2004: House Democrat Henry Waxman (D-CA) discloses serious irregularities regarding Halliburton Co.'s contract to transport oil into Iraq.
January 2004: Halliburton admits in an internal memo that its cost controls for government contracts are "antiquated" and "weak" and its procurement "disorganized" and marked by "weak internal controls." The memo, which was leaked to the Wall Street Journal, contradicts the company's public statements which claim it has a "rigorous system of internal controls" for contracts in Iraq.
