"Enron" Rubin/"Global Crossing" McAuliffe watch - Day FOUR - Joe's largest contributor - CITIGROUP

Free Republic/Newsmax.com ^ | 08/03/02

[Libloather]

From Newsmax -

Senate Governmental Affairs Committee Chairman Joseph Lieberman said Friday that he couldn't remember the exact amount of campaign cash he'd accepted over the years from Citigroup, whose chairman Robert Rubin he has yet to call to testify before his Enrongate probe.

During an interview with radio host Don Imus, the Connecticut Democrat acknowledged accepting $2,000 in contributions from Enron, prompting this exchange:

IMUS: Well, what did you get from Citigroup?

LIEBERMAN: More, but I couldn't tell you the amount.

IMUS: Was it, like, $10,000?

LIEBERMAN: Ah - I honestly don't know. I'd say it was....

IMUS: How about a million?

LIEBERMAN: Oh, no. It was definitely somewhere between $10,000 and.....

IMUS: Was it a million and a babe?

LIEBERMAN: (Laughing) A million and naming rights for some building here on my compound. (End of Excerpt)

In fact, over the past six years, Citigroup gave Lieberman $59,256, according to the Center for Responsive Politics.

The hefty sum makes Robert Rubin's firm by far the single largest contributor to the Connecticut Democrat's campaign coffers since 1996.

[Libloather]

We'll have to wait until Sunday to hear even more explanations from Joe. He's scheduled to appear on Fox News Sunday in order to chat about homeland security.

Emails to Fox News Sunday may need to be sent...

[Libloather]

How 'bout dat...

[Mudboy Slim]

From Alamo-Girl's awesome research...

Robert Rubin
USA TODAY http://www.usatoday.com/ FreeRepublic http://www.freerepublic.com/ 5/12/99 analysis by A WHITEWATER RESEARCHER, REPORTER "....The forced resignation today of disgraced Clinton Treasury secretary Robert Rubin may have been a result of imminent further exposure of a vast array of corrupt activities, from Treasury's attempted coercion of United States Secret Service agents to lie during their Filegate testimony in 1996 and the agents' criminal prosecution as a result of that testimony, to today's New York Times story "CHINA SENT CASH TO U.S. BANK, WITH SUSPICIONS SLOW TO RISE" ....However, the final straw that broke Rubin's back could well have been a brilliant investigative journalism article by the USA TODAY's Tom Lowry on May 3, 1999, "TRUST SCANDAL HAUNTS GOLDMAN/SULLIED BISHOP ESTATE OWNS 10% OF BANK/HIGHLY PAID TRUSTEES FACING ACCUSATIONS, CHARGES", which was excerpted in a May 5, 1999 FreeRepublic article .... Mr. Lowry exhaustively details the utterly corrupt activities of Hawaii's giant Bishop Estate in general, and a highly suspect transaction between the Bishop Estate and the personal financial account of Robert Rubin in particular. Rubin is also a former chairman of Goldman Sachs and whose Treasury department regulates both the Bishop Estate and Goldman Sachs. Rubin apparently operated at Treasury, regulating both the Bishop Estate and Goldman Sachs, with full awareness of his massive conflicts of interest involving his personal investments, the Treasury department, the Internal Revenue Service, Goldman Sachs, and the Bishop Estate..... "...I am a professional stock market investor myself. ...... For those of you with the Black Scholes model, just set the price of Goldman Sachs at 100, set the expiration date at a year from now of a put option with a strike price of 100, and tell me what you get. I bet that put is worth at least 20, or twenty percent of the value of the underlying stock position. In the case of Rubin's Goldman stock holdings in 1993, the at the money, one year put warrant would be worth at least $20 million annually, not $100,000...... THIS WOULD SUGGEST AN "AT THE MONEY ONE YEAR PUT OPTION" ON RUBIN'S 1993 GOLDMAN SACHS HOLDINGS WAS WORTH WELL OVER $20 MILLION!!! With the value of Rubin's Goldman Sachs holdings appreciating in recent years, the value of the Bishop Estate put on $100 million of underlying Goldman value sold to Rubin would decline, but I think it is fair to say that Rubin, via this put maneuver with the Bishop Estate, a charity, may have received illegal gratuities, in 1993 alone, if he paid only approximately $100,000 for his one year, at the money Goldman put warrant which was in fact worth well over $20 million...."

There's sooo much to still be learned about Robert Rubin's shady dealings in comingling his private investments and Dept. of Treasury regulatory powers, as well as Rubin's role in creating and maintaining the StockMarketBubble that just recently burst. I wonder if LIEberman's gonna recuse himself from the investigation since he's been so quick to accept cash from those he is allegedly investigating?!

FReegards...MUD

[bonesmccoy]

Wow! Thanks for filling in the blanks for me! I've always wondered how the Democrats were fluxing so much cash in to Hawaii. Now, I get it! The Bishop Estate was a conduit!

[bonesmccoy]

Former trustee Lindsey admits money laundering

By Curtis Lum
Advertiser Staff Writer

Lokelani Lindsey, who once held one of the most powerful jobs in Hawai'i as a Bishop Estate trustee pleaded guilty to money laundering charges yesterday in Las Vegas to become the only former trustee of the charitable trust to be found guilty of felony charges.

Former Bishop Estate trustee Lokelani Lindsey will be sentenced Oct. 16.

Advertiser library photo

Under the plea agreement with the U.S. attorney's office, Lindsey will receive probation and no more than a year in confinement. It has yet to be determined if she will serve her sentence in a federal prison, a community halfway house or at home.

In exchange for the guilty pleas to two counts of money laundering, federal prosecutors dropped other charges of bankruptcy fraud and conspiracy to commit bankruptcy fraud. Lindsey could have faced up to 10 years in prison on each of the charges.

Lindsey will be sentenced Oct. 16 in Las Vegas by U.S. District Judge David Ezra. Her trial was moved to Las Vegas after Lindsey's attorney argued that the negative publicity Lindsey received because of the Bishop Estate controversy made it impossible for her to receive a fair trial in Honolulu.

The guilty plea is another step in Lindsey's downfall. She and four others were once trustees of the multibillion-dollar Bishop Estate, Hawai'i's largest private landowner, which operates Kamehameha Schools for children of Hawaiian ancestry. The estate is now called Kamehameha Schools.

She and three other Bishop Estate trustees were ousted in 1999 after state and federal investigators found evidence of mismanagement and abuse of power. A fifth trustee resigned.

Lindsey was indicted in December 2000 on five felony charges of conspiring to commit bankruptcy fraud and money laundering in connection with a bankruptcy case involving her sister. The charges were unrelated to her work as a Bishop Estate trustee, but the crimes occurred while she was a member of the Bishop Estate trustee board.

Marlene Lindsey pleaded guilty to filing a false federal income-tax return and was scheduled to testify against her sister. Marlene Lindsey will be sentenced by Ezra on Monday.

Jury selection for Lokelani Lindsey's trial was set to begin yesterday. But her attorney, William Harrison, said Lindsey agreed to plead guilty to the two charges to spare her ill husband "any further pain and anguish."

"She wants to ask the court to be allowed to care for her husband," Harrison said. Steven Lindsey is suffering from a spinal affliction and is confined to a wheelchair.

U.S. Attorney Ed Kubo Jr. said his office was prepared to go to trial, but said he was happy with the guilty plea.

"I am satisfied that Miss Lindsey has accepted responsibility for her actions," Kubo said.

Kubo said Lindsey admitted acquiring stock with her sister in a company named Atlantic Pacific International. Lindsey knew that her sister did not disclose the existence of the $100,000 worth in stock in her bankruptcy filings, but Kubo said Lokelani Lindsey accepted the transfer of the API interests.

Lindsey admitted in the plea agreement that she transferred the stock to an unnamed person and placed the money in an account controlled by another unnamed person, Kubo said. Lindsey then withdrew $35,000 from that account and deposited the money into her personal account, Kubo said.

Ousted Bishop Estate trustees Henry Peters and Richard "Dickie" Wong were indicted on state theft charges in connection with a 1995 Hawai'i Kai land deal. But those charges were thrown out by a Circuit Court judge and the dismissals were upheld by the Hawai'i Supreme Court.

The Associated Press contributed to this report.

[Mudboy Slim]

"[Lindsey] and four others were once trustees of the multibillion-dollar Bishop Estate, Hawai'i's largest private landowner, which operates Kamehameha Schools for children of Hawaiian ancestry. The estate is now called Kamehameha Schools. She and three other Bishop Estate trustees were ousted in 1999 after state and federal investigators found evidence of mismanagement and abuse of power. A fifth trustee resigned."

I did a search in USA Today's archive for the "...article by the USA TODAY's Tom Lowry on May 3, 1999, "TRUST SCANDAL HAUNTS GOLDMAN/SULLIED BISHOP ESTATE OWNS 10% OF BANK/HIGHLY PAID TRUSTEES FACING ACCUSATIONS, CHARGES", which was excerpted in a May 5, 1999 FreeRepublic article..." and came up with nothing. Does anybody know how to work the FR.com archives well enough to find the 5/5/99 article?!

FReegards...MUD

[bonesmccoy]

Yes, I'd like to read that story also. Lately, I've taken to running the search engines at various sites on the donations made by people linked to these schemes. I'd really like to get the list of Board of Directors members for various discredited corporations and then run that list for federal elections contributions.

[Mudboy Slim]

"Thanks for filling in the blanks for me!"

Yer welcome, my FRiend, but there are still way too many blanks for me...this issue deserves some FReeper research time to be dedicated to it, because I'm convinced that Rubin--and McAuliffe--is a key to exposing the Clinton Administration Financial Corruption.

FReegards...MUD

[Mudboy Slim]

"...run that list for federal elections contributions."

Heh heh heh...my money is on those contributions being predominantly DemonRAT. The Left has long been milking these Estates and Trusts to further their Socialist causes, and it'd be interesting to see how many of these huge stores of cash are blatantly flouting our tax laws by being so partisan in their giving. Limbaugh touched on this a bit today, when he discussed the National Organization for Women's contributions to RAT campaigns, as well as the AFL-CIO's and other alleged non-profits. These organizations risk losing their tax-free status if they become involved in partisan support, and many of these sources donate almost exclusively to RAT candidates.

FReegards...MUD

[bonesmccoy]

We would need to find smoking guns in the Gore 2000 or Clinton 1996 campaign. If there are donations in the FEC database, we should see it on the FEC website. Unfortunately, the FEC website does not permit the user to sort the records by dollar amount. You can only search for names and look at records based on names (not amounts).

[bonesmccoy]

You could probably attempt to run NOW's board for donations, but it's not illegal to use private funds to donate to a political candidate. The real problem is that leftist non-profits exist which are being used to funnel big time salaries to these players.

I'll go look for NOW's and AFL-CIO stuff. BRB.

[bonesmccoy]

Just visited the website "Guidestar.org". The database shows a huge result list for NOW. It appears that NOW is organized with each state having a different non-profit corporation. There exists a "National Organization for Women Foundation, Inc." in Washington DC with a few hundred thousand dollars of assets. Reading the tax return states in Part VII of the Form 990 that:

Related organizations include National Organization for Women, Inc., a 501c4; Naitonal Organization for Women PAC; and National Organization for Women Equality PAC.

Salaries at National Organization for Women, Inc. are eye popping!

Patricia Ireland, $153,783 salary and $7423 employee benefits

Kim Gandy, $125,962 salary and $6095 benefits

Karen Johnson, $126,135 salary, $6095 benefits

Elizabeth Toledo, $58,957 salary, $2947 benefits

Loretta Kane, $60042 salary, $4228 benefits

NOW's National Officers are Patricia Ireland, President; Kim Gandy, VP Executive; Karen Johnson, VP Membership; Loretta Kane, VP Action.

Oh, and I almost forgot the link!

http://www.guidestar.org/pdf/2000/521/477/2000-521477004-1-9.pdf

[bonesmccoy]

501c4 status is supposedly non-partisan. However, they organized a PAC to handle contributions. Those PACs are legally donating exclusively to women (sexism?) and democrats (Boxer et al).

[bonesmccoy]

National Organization for Women
PAC Contributions to Federal Candidates
2002 Cycle

House Candidate	Total Contribs
Carson, Jo Ellen (D-AR)	$500
Clark, Martha Fuller (D-NH)	$82
DeLauro, Rosa (D-CT)	$1,000
Eshoo, Anna G (D-CA)	$100
Herseth, Stephanie M (D-SD)	$1,000
Hooley, Darlene (D-OR)	$100
Jackson Lee, Sheila (D-TX)	$100
Jacques, Cheryl A (D-MA)	$4,622
Longley, Susan W (D-ME)	$2,053
McKinney, Cynthia A (D-GA)	$38
Napolitano, Grace (D-CA)	$100
Pelosi, Nancy (D-CA)	$1,000
Rivers, Lynn (D-MI)	$2,000
Roberts, Carol A (D-FL)	$18
Sanchez, Loretta (D-CA)	$100
Shaw, Elaine (D-CA)	$26
Slaughter, Louise M (D-NY)	$1,204
Tauscher, Ellen (D-CA)	$100
Workman, Margaret L (D-WV)	$2,000
Total to Democratic House Candidates:	$16,143
Total to Republican House Candidates:	$0

Senate Candidate	Total Contribs
Carnahan, Mel (D-MO)	$5,000
Marshall, Elaine (D-NC)	$4,000
Parker, Susan D (D-AL)	$2,000
Tristani, Gloria (D-NM)	$56
Wellstone, Paul (D-MN)	$5,000
Total to Democratic Senate Candidates:	$16,056
Total to Republican Senate Candidates:	$0

Based on data released by the FEC on Monday, July 29, 2002.

[Madame Dufarge]

Kamehameha uses Enron firm in audit and other stuff

[Madame Dufarge]

Apollo Advisors - Financial investment managers. 13th largest campaign contributor to Senator Joseph Lieberman (D-CT), Al Gore's vice presidential running mate, and a client of lobbying firm Akin, Gump, Strauss, Hauer & Feld. Another of Akin, Gump's clients is Miller & Chavalier, a Washington, D.C.-based law firm which, together with PricewaterhouseCoopers, drafted the IRS settlement agreement for Hawaii's Kamehameha Schools.

Apollo Advisors has a number of other important connections with Kamehameha Schools: Along with National Housing Corp (which was involved in an alleged kick-back scheme with ousted Bishop Estate trustees Henry Peters and Richard Wong), Apollo and Trinity Investment Trust have financial interests in several estate-owned properties involving two alleged Yakuza-connected companies -- Azabu Building Company and Mitsui Trust.

[bonesmccoy]

OK... Got an interesting hit now at www.opensecrets.org.

Under the tab for "Who's Giving", select Election Overview and then 2000 for the pick list.

Scan the list of donors.

http://www.opensecrets.org/overview/topindivs.asp?Cycle=2000

Leo J. Hindrey, Jr. and Deborah D. Hindrey appear in the list. They apparently donated $600,000 plus.

Another global crossing listing appears in the table at number 83.

It lists "Cook, Lodwrick M. and Carole D."

Interestingly enough, when I returned to the FEC website and attempted to enter "Hindrey" and "Leo" in the individual contributions listing, I got only $2000.00 of donations from 1998-2000. It doesn't match. So, I don't know what to believe.

[bonesmccoy]

Wow! Keep it coming!

[bonesmccoy]

Interesting.

So, I go to this opensecrets.org website and hit it for California (where Gray Davis has more money stockpiled than Bill Simon).

Here's an interesting list of the biggest soft money donors. These guys really kick around big money!

Rank /Organization /Total /to Dems /to Repubs

1 Saban Entertainment $7,725,000 $7,725,000 $0

2 Shangri-La Entertainment $5,025,000 $5,025,000 $0

3 Propel $2,288,786 $2,288,786 $0

4 Global Crossing $949,235 $645,000 $304,235

5 Ameriquest Mortgage $730,000 $730,000 $0

6 Chartwell Partners $725,000 $0 $725,000

7 Louise Gund Foundation $553,000 $553,000 $0

8 Shorenstein Co $550,000 $550,000 $0

9 Metabolife $510,000 $360,000 $150,000

10 ChevronTexaco $426,300 $0 $426,300

11 Eldred Enterprises $421,100 $0 $421,100

12 Paul's TV & Video $405,000 $405,000 $0

13 AG Spanos Companies $356,607 $0 $356,607

14 Northrop Grumman $350,650 $42,000 $308,650

15 Freeman, Spogli & Co $291,702 $0 $291,702

[ken5050]

Great job with these threads....BTW, I'm pinging you on a vanity I posted yesterday. I think my speculations on what may happen next with Citigroup and Rubin might be of interest to you, and of course, I'd welcome your comments..