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Federal auditors can’t trace $96.6 million earmarked for Iraq

Nearly $100 million in Iraqi reconstruction cash – which was supposed to be handed out by U.S. workers in shrink-wrapped bricks of new hundred-dollar bills – can’t be accounted for, federal auditors reported Wednesday.A criminal investigation into possible fraud in a handful of cases is under way to determine what happened to some of the $96.6 million that was earmarked to rebuild south-central Iraq, according to a new report by the Special Inspector General for Iraq Reconstruction.Full Story

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