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CIA Lost a Fortune on Failed Terror Traps

Bogus firms failed to provide effective cover for overseas spies

By Mary Papenfuss,  Newser Staff

Posted Feb 17, 2008 10:56 AM CST

(Newser) – CIA officials lost a bundle after 9/11 setting up fake businesses to ensnare suspected terrorists in a strategy it now concedes was ill-conceived, reports the Los Angeles Times. The agency spent hundreds of millions of dollars to establish 12 enterprises in Europe and elsewhere to...   Read full story »

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