Halliburton Gets $7 Billion In No-Bid Iraq Oil Contracts. Get's Fined $200,000. Leaves $55 Million Tip.

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Judge Johnny - HalliburtonJudge Johnny issues a ruling on Halliburton's role in the cover-up following the BP Deepwater Horizon oil spill. (04:46):   

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Halliburton got $7B in no-bid Iraq contracts

During Vice President Dick Cheney's tenure as its chief executive, the Halliburton Corporation altered its accounting policies so it could report as revenue more than $100 million in disputed costs on big construction projects, public filings by the company show. Halliburton did not disclose the change to investors for over a year.

Vice President Dick Cheney’s stock options in Halliburton rose from $241,498 in 2004 to over $8 million in 2005, an increase of more than 3,000 percent, as Halliburton continues to rake in billions of dollars from no-bid/no-audit government contracts.

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