Fred Stone, the minion to the party of treason

http://news.independent.co.uk/world/middle_east/article313538.ece

One billion dollars has been plundered from Iraq's defence ministry in
one of the largest thefts in history, The Independent can reveal,
leaving the country's army to fight a savage insurgency with
museum-piece weapons.

The money, intended to train and equip an Iraqi army capable of
bringing security to a country shattered by the US-led invasion and
prolonged rebellion, was instead siphoned abroad in cash and has
disappeared.

"It is possibly one of the largest thefts in history," Ali Allawi,
Iraq's Finance Minister, told The Independent.

"Huge amounts of money have disappeared. In return we got nothing but
scraps of metal."
...

Most of the money was supposedly spent buying arms from Poland and
Pakistan. The contracts were peculiar in four ways. According to Mr
Allawi, they were awarded without bidding, and were signed with a
Baghdad-based company, and not directly with the foreign supplier. The
money was paid up front, and, surprisingly for Iraq, it was paid at
great speed out of the ministry's account with the Central Bank.

Military equipment purchased in Poland included 28-year-old
Soviet-made helicopters. The manufacturers said they should have been
scrapped after 25 years of service.

Armoured cars purchased by Iraq
turned out to be so poorly made that even a bullet from an elderly
AK-47 machine-gun could penetrate their armour.

A shipment of the
latest MP5 American machine-guns, at a cost of $3,500 (£1,900) each,
consisted in reality of Egyptian copies worth only $200 a gun.

Other
armoured cars leaked so much oil that they had to be abandoned. A deal
was struck to buy 7.62mm machine-gun bullets for 16 cents each,
although they should have cost between 4 and 6 cents.