From yet another story about yet another group of private contractors feeding at the trough blindly filled by yet another branch of the Bush Administration:
The State Department said it had improved monitoring of DynCorp, but in a letter to auditors department officials said that it would still take "three to five years" to reconcile fully the payments made to the company during the first two years of the training contract, beginning in February 2004.
Not to worry. We're only talking about a billion dollars that no one can account for. So nice when the grown-ups are in charge, isn't it?
4 comments:
How is it that private auditors, when under the gun by the SEC or Elliot Spitzer, can reconcile numbers in a matter of months?
i don't think we need to worry about the statute of limitations. I'm not an attorney, but my understanding is that once a person or a corporation comes under scrutiny the statute is dropped. In other words, the problem would have been if no one suspected anything for a number of years - then, legally, there would be no recourse.
Right idea. A statute may be "tolled" for a number of reasons, but an investigation usually doesn't toll the running of the statute of limitations. The clock keeps ticking until charges are brought.
Clare (oh, the JD still comes in handy at times).
Clare, where is that law that an investigation doesnt toll the running of the SOL?
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