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Conspiracy to Embezzle $40 Million in Ukraine War Funds ‘Tip of the Iceberg,” says U.S. Congressman

Five employees at a Ukrainian arms company have been charged with a conspiracy to embezzle $40 million in funding meant to purchase munitions, reported the NY Post.

The conspiracy, supposedly uncovered by Ukraine’s security service, the SBU, revealed that employees from a Ukrainian arms firm colluded with officials in the defense ministry to divert funds earmarked for purchasing 100,000 mortar shells.

One of the five suspects was apprehended while attempting to leave Ukraine.

U.S. Sen. Mike Lee (R-Utah) asked on X whether this is an “isolated incident or the tip of the iceberg”:

U.S. Rep. Eli Crane (R-Ariz.) replied: “Tip of the iceberg.”

The news of this alleged conspiracy comes two weeks after American Greatness reported  that “the Pentagon watchdog determined that American diplomats and officials in the U.S. Department of Defense (DOD) failed to properly track over $1 billion worth of weapons provided to Ukraine.”

As the Daily Caller reports, the inspector general’s investigation determined that the DOD surveilled nearly 40,000 items that were considered sensitive and vulnerable to smugglers. As of June 2nd, 2023, at least $1.699 billion worth of items had been given to Ukraine by the U.S., with the items qualifying for enhanced end-use monitoring. The DOD failed to produce full inventory reports on 69% of the total value.

Congress has already sent at least $113 billion to Ukraine since the start of its war with Russia in February of 2022. The Biden Administration has requested another $106 billion aid package, with $61 billion of it designated specifically for Ukraine.

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Photo: WASHINGTON, DC - DECEMBER 12: Ukrainian President Volodymyr Zelensky (L) and U.S. President Joe Biden shake hands while meeting in the Oval Office at the White House on December 12, 2023 in Washington, DC. Zelensky is in Washington meeting with Biden and Congressional leaders to make an in-person case for continued military aid as Ukraine runs out of money for their war against Russia. The meetings come days after the U.S. Senate failed to advance Biden's proposed national security package that included emergency aid to Ukraine and Israel. (Photo by Chip Somodevilla/Getty Images)