[Bayou City]

I wonder how much went to the 2000 Dem campaign from the Global Crossing proceeds.

[Bayou City]

Ping!

[nicmarlo]

The transactions scream ‘kickbacks’ to any experienced labor rackets investigator, but the probe remains stalled.

I hope the probe heats up........get them Rats!!

[Native American Female Vet]

BUMP

[SMEDLEYBUTLER]

Global RAT McAuliffe bump.

[Free the USA]

bump

[TLBSHOW]

bump to the fall of Terry the Pirate

[Donald Stone]

BUMP !!!!!!

[terilyn]

Ping

[MeekOneGOP]

A Link To Global Crossing, Terry McAuliffe and AFL-CIO

The continuing saga of Terry McAuliffe & Global [double] Crossing. . .
McAuliffe to Sean Hannity: Hey, it's called CAPITALISM! Welcome to America! If you don't like it, LEAVE!
(((PING))))))
Please let me know if you want ON or OFF my ping list!. . .don't be shy.

[There's millions of'em]

"The sale brought over $35 million to the AFL-CIO, which gave it the liquidity to pump over $30 million into the Democratic Party’s 1996 congressional campaigns. Kheel brokered the deal with Democratic fundraiser Terry McAuliffe."

McAuliffe profited handsomely and continues to rake it in every year. Conservative estimates are that TM Takes in $5 mill annually as his cut on the deal, good for the life of the relationship. $50 to 60 million total just to TM, almost twice what the Union made!

But, alas, there is nothing inherently illegal with the payments since they are made by the Bank, not the Union.

What few realize is that Martin Davis was/is part of that deal and he continues to receive his $1 mill annually to support his Aspen life-style. I believe Mister Davis had a small run in with the law in years past.

[Arleigh]

A BIG DemocRat/Union Racketeering Bump!!!

[ozzymandus]

Bump for the criminal RAT scum!

[an amused spectator]

Did you ping Elle Bee on this? This is his meat and potatoes.

[Mudboy Slim]

"McAuliffe-related businesses borrowed millions of dollars in loans over the years from the Electrical Workers Pension Plan for a series of business ventures, many of which he defaulted on. The loans themselves were highly favorable to McAuliffe, and there is evidence that the former Electrical Workers secretary-treasurer who made these loans was himself in business dealings with McAuliffe. Labor rackets investigators have been looking into the underlying transactions, and the trustees of the plan have been sued for their negligence in making these imprudent loans. The transactions scream ‘kickbacks’ to any experienced labor rackets investigator, but the probe remains stalled."

If AG Ashcroft doesn't have AT LEAST a handful of crack DoJ investigators dedicated full-time to trackin' down leads on Terry "The PUNK" McLowlife, he oughtta be run outta town fer Dereliction of Duty!! When Ashcroft called Mary Jo White"Wash" a dedicated servant of Justice, I pegged him as a Clueless DOLT...but maybe he's just Crazy like a Fox and has his sights squarely trained on the Corrupt DNC Chairman and is just keepin' things under the radar.

Time'll tell...but if the Dept. of Justice don't nail McLowlife, FReepers will!!

Great find, BC...MUD

[TheGrimReaper]

Where is ol' Henry Hairynose Waxman on this??
Never mind... I forgot... Henry defends liars and rapists.
Theft and fraud committed by a fellow-dimocrat don't even register on his radar.

[MamaLucci]

According to the NY Slimes, only GHWBush has a "Link to Global Crossing"

Not one mention of the DNC's Chief pimp, even though he parlayed 100 grand
into 18 million dollars on the backs of small investors.
Bernie Goldberg doesn't know the half of it when it comes to media bias.

(excerpt)

Concern has emerged over losses by the small investors in Global Crossing even as several of the company's high-ranking executives made money through stock deals before the bankruptcy filing.

The stock, which closed yesterday at 7 cents, hit a high of $64.25 in 1999.

Gary Winnick, the founder of the company, realized more than $730 million from selling stock in the company while it was riding high, his S.E.C. filings show.

A spokesman for Mr. Winnick has emphasized that he held onto more than 70 percent of his stake in the company.

Among the shareholders of Global Crossing at one point was former President George Bush, who took an $80,000 speaking fee in stock that at the peak was worth $14 million. It is not known when, or if, he sold his position.

The company has also been criticized for forgiving personal loans made to two of its top executives at a time when a bankruptcy filing was looming.

-snip-

[Dick Bachert]

[Lion's Cub]

B.C., I'm in awe of your investigative skills. You've led the way in untangling this GX thing, and you've made it look easy. I'm going to go read the responses now, cause I know there's bound to be more good info contributed by others.

[d14truth]

ULLICO

1999 Chairman's Message

"As we begin this new millennium, I do so with a renewed commitment to our mission to support the organized men and women of America and those who lead them. It is natural to begin this report by calling attention to the 164 percent increase in stockholders' equity. As we reported last year, the gain in equity is in large part due to the investment in Global Crossing Ltd. Our original stake of $7.6 million in that company has increased many times over, accounting for combined after-tax realized and unrealized gains of more than $1 billion at year-end."
******
"....many times over...."???

[backhoe]

clintonscandals:

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FYI, there's more about this rogue's gallery of unindicted criminal co-conspirators here:

The Holiday *Best* of Bill Clinton & his Friends!