What does it take to get a defense contract in the Bush Administration? After awarding a $300 million contract to a 22-year-old man, Efriam E. Diveroli, who sold defective arms to our Afghan allies, it has now been reported that the Defense Department has awarded an $80 million contract to indicted Saudi financier Gaith Pharaon. The level of sheer incompetence in such contracts is staggering.
The Defense Department gave Pharaon the contract as another federal agency, the Justice Department, is taking to prosecute him in connection with his alleged role at the failed Bank of Credit and Commerce International (BCCI) (costing US tax payers $1.7 billion).
The FBI has put out alerts internationally to locate Pharaon, click here. While the FBI could not find him, he was apparently contracting openly with a sister agency.