Halliburton bilks gov’t for billions in Iraq, then loses one-third of property Outrageous! That is what many are calling the war profiteering by U.S. corporations who have flocked into Iraq. In particular, Halliburton Corp., which Vice President Dick Cheney used to head, has come under scrutiny over its $10 billion Pentagon contracts, many obtained without competitive bidding, as well as fuel-price gouging and other improper or illegal actions. Meanwhile, U.S. cities and states are starved for cash.