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Blackwater Mercenary Corporation Steals Small Business Contracts
July 29th, 2008
I won’t hold my breat that they will be subject to any stiff penalties, and especially that the execs will be charged with felonies. Certainly not by the big corporation, defense industry friendly Bush administration.
Neither am I exactly holding my breath for a voting for corporate immunity Obama administration to do anything either.
Blackwater May Have Broken Federal Laws to Obtain Lucrative Contracts
By Jason Leopold
The Public Record
Monday, July 28, 2008
Blackwater misrepresented the size of its firm so it could receive more than $100 million in small business contracts from the federal government, according to a report released Monday.
The Inspector General of the Small Business Administration (SBA) said the mercenary outfit obtained a total of 39 contracts intended for small businesses with annual revenues of $6.5 million between 2005 and 2007. But the report said Blackwater’s revenue surpassed $200 million for those years.
Blackwater “obtained a total of 33 contracts during Fiscal Years 2005 through 2007, totaling $2,188,620, which may have involved misrepresentations to obtain the contract.”
The report also found that “it is possible that misrepresentations took place” on the remaining six contracts, totaling $107,311,356.”
Of the 39 contracts reviewed, 38 were awarded by the Defense Department and the Department of Veterans Affairs awarded one. The Inspector General’s report says the small business contracts “could have involved potential misrepresentations by Blackwater.
The Inspector General referred the matter to investigators at the Departments of Defense and Veterans Affairs.
Moreover, the Department of Defense wrongfully awarded Blackwater aviation contracts worth $107 million. That contract was earmarked for companies with annual revenues of less than $25 million or less than 1,500 employees, the report said.
The Small Business Administration was singled out and criticized for not thoroughly investigating Blackwater’s finances prior to awarding contracts to the company.
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Yobachi Boswell is creator and publisher of BlackPerspecitve.net. I’m a writer, activist and political watcher based in Nashville, Tennessee. I’ve also been know to do some spoken word and MCing in my day.
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