The Invisible Hand of the Marketplace Robs the Taxpayer's Cradle

 

They grow up so fast, don't they? It seems like only yesterday they were stealing lunch money from their classmates, and the next thing you know they are supplying outdated, substandard munitions to our allies in Afghanistan, with a $300 million contract from the Pentagon!

last January the Pentagon awarded a federal contract worth as much as nearly $300 million to AEY Inc., a company that operates out of an unmarked office in Miami Beach. AEY Inc. became the main supplier of munitions to Afghanistan's army and police forces.

The company's president was 22-year-old Efraim E. Diveroli, a 22-year-old man. Get to know him on MySpace!

After the Times began asking questions about the suspicious contract, the Army suspended the company from future contract efforts. The Associated Press confirms that the company's contracts have been suspended because it shipped Chinese-made ammunition "in violation of its contract and US law." Raw Story, via Crooks and Liars.

Top level jobs are still available at AEY Inc.! They are presently looking for an administrative assistant!