$21.7B Global Health Fund being eaten by corruption

[chanel]

GENEVA -- A $21.7 billion development fund backed by celebrities and hailed as an alternative to the bureaucracy of the United Nations sees as much as two-thirds of some grants eaten up by corruption, The Associated Press has learned.

Much of the money is accounted for with forged documents or improper bookkeeping, indicating it was pocketed, investigators for the Global Fund to Fight AIDS, Tuberculosis and Malaria say. Donated prescription drugs wind up being sold on the black market.

The fund's newly reinforced inspector general's office, which uncovered the corruption, can't give an overall accounting because it has examined only a tiny fraction of the $10 billion that the fund has spent since its creation in 2002. But the levels of corruption in the grants they have audited so far are astonishing.

To date, the United States, the European Union and other major donors have pledged $21.7 billion to the fund, the dominant financier of efforts to fight the three diseases. The fund has been a darling of the power set that will hold the World Economic Forum in the Swiss mountain village of Davos this week.

It was on the sidelines of Davos that rock star Bono launched a new global brand, (Product) Red, which donates a large share of profits to the Global Fund. Other prominent backers include former U.N. secretary-general Kofi Annan, French first lady Carla Bruni-Sarkozy and Microsoft founder Bill Gates, whose Bill and Melinda Gates Foundation gives $150 million a year.

Read more: FoxNews.com - Fraud Reportedly Plagues Global Health Fund

Sickening.

Anyone surprised?

 

[bigrebnc1775]

GENEVA -- A $21.7 billion development fund backed by celebrities and hailed as an alternative to the bureaucracy of the United Nations sees as much as two-thirds of some grants eaten up by corruption, The Associated Press has learned.

Much of the money is accounted for with forged documents or improper bookkeeping, indicating it was pocketed, investigators for the Global Fund to Fight AIDS, Tuberculosis and Malaria say. Donated prescription drugs wind up being sold on the black market.

The fund's newly reinforced inspector general's office, which uncovered the corruption, can't give an overall accounting because it has examined only a tiny fraction of the $10 billion that the fund has spent since its creation in 2002. But the levels of corruption in the grants they have audited so far are astonishing.

To date, the United States, the European Union and other major donors have pledged $21.7 billion to the fund, the dominant financier of efforts to fight the three diseases. The fund has been a darling of the power set that will hold the World Economic Forum in the Swiss mountain village of Davos this week.

It was on the sidelines of Davos that rock star Bono launched a new global brand, (Product) Red, which donates a large share of profits to the Global Fund. Other prominent backers include former U.N. secretary-general Kofi Annan, French first lady Carla Bruni-Sarkozy and Microsoft founder Bill Gates, whose Bill and Melinda Gates Foundation gives $150 million a year.

Read more: FoxNews.com - Fraud Reportedly Plagues Global Health Fund

Sickening.

Anyone surprised?

Really the fund to help the people in need has been stolen by the global elite? Anyone who doesn't realize this are sheeple and news of this will not change their views.

 

[chanel]

My son spent some time in Africa and witnessed the corruption and failed ideas first hand. He went as a teenager thinking he would "feed the children" and came back an adult, realizing that "you have to teach a man to fish".

We are now sponsoring a Ugandan child's education at a good private school. We send the tuition check directly to a friend of my son's, who buys her uniforms and books and pays the school directly. He didn't even trust sending the check to her parents because it might be too tempting for them to use the money for something else.

It's awful, but it seems generous individuals are being duped by these charlatans. There's got to be a better way.

 

[Mr.Fitnah]

Im not surprised.

 

[uscitizen]

GENEVA -- A $21.7 billion development fund backed by celebrities and hailed as an alternative to the bureaucracy of the United Nations sees as much as two-thirds of some grants eaten up by corruption, The Associated Press has learned.

Much of the money is accounted for with forged documents or improper bookkeeping, indicating it was pocketed, investigators for the Global Fund to Fight AIDS, Tuberculosis and Malaria say. Donated prescription drugs wind up being sold on the black market.

The fund's newly reinforced inspector general's office, which uncovered the corruption, can't give an overall accounting because it has examined only a tiny fraction of the $10 billion that the fund has spent since its creation in 2002. But the levels of corruption in the grants they have audited so far are astonishing.

To date, the United States, the European Union and other major donors have pledged $21.7 billion to the fund, the dominant financier of efforts to fight the three diseases. The fund has been a darling of the power set that will hold the World Economic Forum in the Swiss mountain village of Davos this week.

It was on the sidelines of Davos that rock star Bono launched a new global brand, (Product) Red, which donates a large share of profits to the Global Fund. Other prominent backers include former U.N. secretary-general Kofi Annan, French first lady Carla Bruni-Sarkozy and Microsoft founder Bill Gates, whose Bill and Melinda Gates Foundation gives $150 million a year.

Read more: FoxNews.com - Fraud Reportedly Plagues Global Health Fund

Sickening.

Anyone surprised?

No suprise to me. Many so called charities legally eat up the majority of the donations for overhead, etc.

heck McCains wife was stealing pills from a charity.

 

[WillowTree]

GENEVA -- A $21.7 billion development fund backed by celebrities and hailed as an alternative to the bureaucracy of the United Nations sees as much as two-thirds of some grants eaten up by corruption, The Associated Press has learned.

Much of the money is accounted for with forged documents or improper bookkeeping, indicating it was pocketed, investigators for the Global Fund to Fight AIDS, Tuberculosis and Malaria say. Donated prescription drugs wind up being sold on the black market.

The fund's newly reinforced inspector general's office, which uncovered the corruption, can't give an overall accounting because it has examined only a tiny fraction of the $10 billion that the fund has spent since its creation in 2002. But the levels of corruption in the grants they have audited so far are astonishing.

To date, the United States, the European Union and other major donors have pledged $21.7 billion to the fund, the dominant financier of efforts to fight the three diseases. The fund has been a darling of the power set that will hold the World Economic Forum in the Swiss mountain village of Davos this week.

It was on the sidelines of Davos that rock star Bono launched a new global brand, (Product) Red, which donates a large share of profits to the Global Fund. Other prominent backers include former U.N. secretary-general Kofi Annan, French first lady Carla Bruni-Sarkozy and Microsoft founder Bill Gates, whose Bill and Melinda Gates Foundation gives $150 million a year.

Read more: FoxNews.com - Fraud Reportedly Plagues Global Health Fund

Sickening.

Anyone surprised?

Fuck No!

 

[WillowTree]

My son spent some time in Africa and witnessed the corruption and failed ideas first hand. He went as a teenager thinking he would "feed the children" and came back an adult, realizing that "you have to teach a man to fish".

We are now sponsoring a Ugandan child's education at a good private school. We send the tuition check directly to a friend of my son's, who buys her uniforms and books and pays the school directly. He didn't even trust sending the check to her parents because it might be too tempting for them to use the money for something else.

It's awful, but it seems generous individuals are being duped by these charlatans. There's got to be a better way.

Ya know all the aid sent to Haiti is missing too. They aren't one tiny bit better off than they were the day after the earthquake.