Privatization & Procurement
For more than 12 years, Falls Church-based USIS quietly scrutinized the backgrounds of individuals who needed security clearance to work in the U.S. government or in the private sector. Now re-named Altegrity, the company has ambitions of securing government contracts for much more than investigation and data-collection.
Residents of Northern Indiana feel that a plan to privatize toll roads and raise fares does not benefit the community.
Three top executives at Anglo Irish bank are on trial for a secret scheme to buy their own bank's shares that eventually triggered the 2008 collapse of the Irish economy. The bankers allegedly hatched the plan to cover up bets made by Sean Quinn, once Ireland's richest man.
After two years of public hearings, litigation, testimony and negotiations and more than 11,500 letters, phone calls and emails to state decision makers, New Jersey consumers avoided higher electricity rates when Exelon walked away from its takeover bid to buy-out Public Service Enterprise Group, PSEG, a publicly traded energy and energy services company headquartered in New Jersey.
Four years after the disintegration of the financial system, 24 million people jobless or underemployed. Yet claims of financial fraud against companies like Citigroup and Bank of America have been settled for pennies on the dollar, with no admission of wrongdoing. Executives who ran companies that made, packaged and sold trillions of dollars in toxic mortgages and mortgage-backed securities remain largely unscathed.
Charles M. Smith, the senior civilian overseeing the multibillion-dollar contract with KBR during the first two years of the war, says he was ousted for refusing to approve payment for more than $1 billion in questionable charges to KBR. The Pentagon has recently awarded KBR part of a 10-year, $150 billion contract in Iraq.
Private military contractor KBR has been awarded a $35 million Pentagon contract involving major electrical work even though it is under criminal investigation in the electrocution deaths of at least two American soldiers in Iraq.
The U.S. State Dept. is reaching out to independent contractors to train other private contractors who will be deployed as "civilian police" -- hired guns for so-called peacekeeping missions taking place in Haiti and other geopolitical hotspots. The senior adviser selected for the task "must oversee pre-deployment training currently being conducted" by Dyncorp International, Civilian Police International and Pacific Architects and Engineers/Homeland Security Corporation, according a recently released procurement document.