"..I've never seen anything like this, and I monitor every single posting coming out from every major insurgent group in Iraq."

Link Here

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The May 2005 findings were breathtaking. Widespread fraud under Shaalan had resulted in the disappearance of virtually the entire $1.3 billion procurement budget. The report, a copy of which was obtained by the AP, examined 89 contracts and found that all had been paid in full, via cash bank transfers, in advance of any work being done.

All were awarded to Iraqis acting as intermediaries like Stoffel's contact, Zayna, and not to the suppliers themselves.

The finance minister called it "possibly one of the greatest thefts" in Iraqi history.