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What happened to 363 tons of cash?(Inside Track)(Brief article)
The House Committee on Oversight and Government Reform, chaired by Henry Waxman (D-Calif.), on February 6 grilled ex-Ambassador to Iraq Paul Bremer about the fate of 363 tons of Federal Reserve Notes that were shipped from New York City to Baghdad in 2004. According to a committee report issued on the same day, the $12 billion in cash, derived from Iraqi oil sales and the Saddam regime's frozen assets, is mostly unaccounted for.
Nobody, including Bremer, seems to be able to explain what happened to the money. In his testimony, "Bremer acknowledged making mistakes but said that overall--given the violence and the sorry state of ...
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Source: HighBeam Research, What happened to 363 tons of cash?(Inside Track)(Brief article)