Canadian Personal Finance Blog

OK, so for my American readers the kind of alledged “graft” described here is nothing compared to million dollar toilets, but in Canada $100M is still a wack-load of money!

Evidently the Depart of National Defense was bilked (allegedly) out of over $100M in phony billings, the following article alleges. Why do I care? Well I still work in the Computer I.T. world and I am always astounded that people don’t think this happens much. Any time you are buying a large number of big ticket items, this kind of alleged “middle man skimming” is going to happen. Now seeing the houses of the alleged perpetrators, your opinion might be that this is a “slam dunk” case, but maybe they had really profitable paper routes? Worked a lot of paid overtime? Won the lottery?

If this is true $100M dollars in moneys lost, is a LARGE wack of money, that the government can ill-afford these days. They could hire the “Big Cajun I.T. Group” and I’d promise to keep the skimming down to less than $10M Canadian over the length of the contract (I’d also keep meticulous records, in case Revenue Canada wants to audit).

–C8j