Exclusive: The Pentagon’s Massive Accounting Fraud Exposed

No accountability whatsoever.

Rigged Game

In all, at least a mind-boggling $21 trillion of Pentagon financial transactions could not be traced, says one source.

By Dave Lindorff and cross-posted from The Nation

In November 15, Ernst & Young and other private firms that were hired to audit the Pentagon announced that they could not complete the job. Congress had ordered an independent audit of the Department of Defense, the government’s largest discretionary cost center—the Pentagon receives 54 cents out of every dollar in federal appropriations—after the Pentagon failed for decades to audit itself. The firms concluded, however, that the DoD’s financial records were riddled with so many bookkeeping deficiencies, irregularities, and errors that a reliable audit was simply impossible.

Deputy Secretary of Defense Patrick Shanahan tried to put the best face on things, telling reporters, “We failed the audit, but we never expected to pass it.” Shanahan suggested that the DoD should get credit for attempting

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