August 27, 2007
Corrupt or Incompetent
The NYTimes reports on a continuing investigation into the handling of weapons for Iraq. With increased reporting for businesses under SOX, it is surprising to see that the military is having recordkeeping problems. Do they need a SOX type of statute? Many federal criminal investigations start small, and through cooperation move up the chain to individuals with more power. It is likely that a key issue here will be to determine if acts were committed with fraudulent intent or whether the individuals involved were just plain incompetent.
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