ARMY CAPT PLEADS GUILTY TO $700,000
THEFT IN IRAQ - FORMER CIVIL AFFAIRS
OFFICER FACES UP TO 20 YEARS IN PRISON
AND MILLION DOLLAR FINE - MICHAEL DUNG
(NGUYEN) CAUGHT WITH STACKS OF $100
BILLS HIDDEN IN ATTIC AT HOME - MAILED
"GREENBACKS" TO USA FROM HIS JOB AT
MUQDADIYAHY - MONEY SUPPOSED TO GO
TOWARDS HUMANITARIAN PROJECTS

It was unmitigated greed that brought down a U.S. Army officer entrusted with large amounts of money earmarked for humanitarian and re-building projects in war-torn Iraq.

Now CPT Michael Dung (Nguyen) is going away to prison for a long time. He could get up to 40 years in the slammer after pleading guilty in federal court in Portland, Ore. to charges of theft and money laundering.

The 28 year-old was stationed at Muqdadiyahy, Iraq between April 2007 and February of this year. The civil affairs officer's job was to spread about Uncle Sam's greenbacks in such a way that Iraqi civilians would receive humanitarian and re-building assistance.

Instead, the "money-hungry" captain grabbed up the money for himself, mailing stacks of cash back to his home in Washington State.

BIG BANK DEPOSITS BROUGHT UNWANTED ATTENTION FROM AUTHORITIES

He spent big bucks on new cars, furniture and other goodies. But where he really tripped up was when he banked some $388,000 of the loot, sending up "red flags" to IRS and other officials who became very interested in how a junior officer like him could be depositing such large amounts of money into savings accounts.

When investigators raided his house, and that of his parents in Oregon, they discovered piles of $100 bills hidden in the attic.

The former project purchasing officer is scheduled to be sentenced on March 1st. His lawyers hope the government will "go easy" on the thief in exchange for his admitting guilt in stealing the money. However, it's not likely the captain will get too big a break, since MilitaryCorruption.com has been told investigators had him already "nailed to the wall."

RELATED STORIES
ARMY CAPTAIN CAUGHT STEALING $700K FROM
HUMANITARIAN AND RELIEF FUNDS EARMARKED
FOR IRAQ AND AFGHANISTAN - CIVIL AFFAIRS
OFFICER INDICTED BY FEDERAL GRAND JURY
IN OREGON - SAID TO HAVE USED CASH TO BUY
NEW VEHICLES, COMPUTERS FOR HIMSELF
NABBED WHEN BIG BANK TRANSACTIONS SET
OFF "ALARM BELLS" - SOURCES SAY STACKS
OF $100 BILLS SHIPPED HOME TO THE STATES