"Blackwater Worldwide created a web of more than 30 shell companies or subsidiaries in part to obtain millions of dollars in American government contracts after the security company came under intense criticism for reckless conduct in Iraq."
Erik Prince, founder of the private military company Xe, formerly known as Blackwater, 08/06/09. (photo: Tim Sloan/AFP/Getty)
Blackwater Using Shell Companies to Obtain New Contracts
04 September 10
Blackwater Worldwide created a web of more than 30 shell companies or subsidiaries in part to obtain millions of dollars in American government contracts after the security company came under intense criticism for reckless conduct in Iraq, according to Congressional investigators and former Blackwater officials.
While it is not clear how many of those businesses won contracts, at least three had deals with the United States military or the Central Intelligence Agency, according to former government and company officials. Since 2001, the intelligence agency has awarded up to $600 million in classified contracts to Blackwater and its affiliates, according to a United States government official.
The Senate Armed Services Committee this week released a chart that identified 31 affiliates of Blackwater, now known as Xe Services. The network was disclosed as part of a committee's investigation into government contracting. The investigation revealed the lengths to which Blackwater went to continue winning contracts after Blackwater guards killed 17 Iraqi civilians in Baghdad in September 2007. That episode and other reports of abuses led to criminal and Congressional investigations, and cost the company its lucrative security contract with the State Department in Iraq.
|
THE NEW STREAMLINED RSN LOGIN PROCESS: Register once, then login and you are ready to comment. All you need is a Username and a Password of your choosing and you are free to comment whenever you like! Welcome to the Reader Supported News community. |








Comments
of crimmial fraud of the U.S.A.
So when do the arrest start?
Unfortunately this takes away the majority of money and thus the innovative opportunity from the small businesses that it was intended.
This is one of the reasons more healthy and environmentally sound products and practices that are usually invented by a small business or individuals never get to market.
they are promoting climate chaos...
BR also makes a good point, and it's to the point.
RSS feed for comments to this post.