USA: Dick Cheney’s Halliburton accused of fraud

This video is called Halliburton provided contaminated water to [United States] soldiers [in Iraq].

It is from the new documentary ‘Iraq for Sale: The War Profiteers‘.

Ben Carter, a former Halliburton/KBR water purification specialist, discusses discovering Halliburton was providing dangerously contaminated water to troops, and the serious long-term implications.

Story of another ex Halliburton/KBR employee here.

From Bloomberg news agency in the USA:

Halliburton‘s Accounting Might Make You Wonder

By Jonathan Weil

Thursday 21 June 2007

Investors have shrugged off almost all the bad news at Halliburton Co. the past few years – accusations of overbilling the Army and bribing foreign officials, along with scrutiny over business dealings in Iran and non-compete bids on government work.

Instead of tanking, the company’s stock has soared.

The same investors might take notice, though, if Halliburton‘s financial statements were in doubt, and a former company accounting executive says they are.

Anthony Menendez, who was Halliburton’s director of technical accounting research and training, has accused the world’s second- largest oilfield-services company of using so-called bill-and-hold accounting and other undisclosed practices to “distort the timing of billions of dollars in revenue.” In short, Menendez says this allowed Halliburton to book product sales improperly, before they occurred.

Cheney’s power: here.

2 thoughts on “USA: Dick Cheney’s Halliburton accused of fraud

  1. Pingback: Video Surfaces of Cheney, in 1994, Warning That An Invasion of Iraq Would Lead to ‘Quagmire’ | Dear Kitty. Some blog

  2. Pingback: US Embassy in Iraq Builder Tied to Kickbacks | Dear Kitty. Some blog

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