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"His name was George Bush," said Harken's founder, Phil Hendrick. "That was worth the money."
But not really. Harken soon began to lose money, too, but with the help of its accounting firm, Arthur Anderson, the shareholders were kept unaware of the losses because of a sale (on paper) of a Harken subsidiary to another division of Harken, with a cooked-up loan to and from itself, resulting in non-existent profits being posted.
The subsidiary sale was declared bogus by the SEC, but before a corrected profit-and-loss statement was released, Bush dumped $848,560.00 worth of Harken stock. With that money, Bush was able to buy into the Texas Rangers baseball team, and eventually earned $16 million from its sale because of the financial bonuses written into the contract by James Doty, his personal lawyer.
Meanwhile the Harken stock collapsed.
An investigation by the SEC ensued in 1991 when it was discovered that Bush had not, as required, reported his sale of the stocks until 8 months after the federal deadline. But by then, that same James Doty, Bush's lawyer, was the SEC's General Counsel, in charge of any litigation the commission would initiate, and President George H.W. Bush (I) had appointed old family friend and former economic advisor Richard Breeden to the position of Chairman of the SEC.
The investigation was dropped.
When Bush ran for governor of Texas in 1994, he repeatedly told reporters he had been "exonerated" by the SEC, as did his Press Secretary Ari Fleischer in 2002. But while the SEC officially said "there was no case there," a letter to Bush announcing the agency's decision stated that the end of the probe "must in no way be construed as indicating that the party has been exonerated."
To verify this information and learn more, Google "Doty +Breeden +Harken".
- February 13, 2004
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KNOW BUSH FACT #7
This story is particularly frightening because it's been so well hidden.
Three weeks after the 2000 election, while the results were still up in the air, Greg Palast, an American reporter for the BBC and the Guardian of London, reported that in the months leading up to the November 2000 balloting, Florida Secretary of State Katherine Harris (who was also George Bush's Florida campaign manager), in coordination with Governor Jeb Bush (George's brother), ordered local elections supervisors to purge 57,700 names from voter registries.
These names were removed because they were supposedly felons who, according to Florida law, may not vote. However, in review, 90.2% of the voters purged from this list were innocent. Their names were listed in error, and never verified. It should be noted that 54% were Black and Hispanic voters, and 90% were Democrat.
Remember, Bush supposedly won Florida, and thus the country, by only 537 votes.
