Controvery surrounds Alaska Native Corporations

Monday - 7/20/2009, 4:08pm EDT

Ed O'Keefe

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Alaskan Native Corporations have been accused of exploiting a loophole at the expense of taxpayers -- and scoring billions of dollars for themselves.

The firms were created to give economic benefits to native populations in Alaska.

Various government reports have revealed that the ANC's can get contracts of ANY size from a federal agency as part of a Small Business Administration program for minority and disadvantaged small businesses.

Ed O'Keefe is a reporter with the Washington Post and has been following the story. He gives us details about what's going on -- and what's being done to correct the problem.

(Previously: Should Alaskan native corps. get special considerations?)