
	Where results make sense

Topic: Harken Energy Scandal

Related Topics

Harken Energy

Khalid bin Mahfouz

Bush family conspiracy theory

Corporate accounting scandals

Bechtel

George Bush family conspiracy theory

Timeline of the Enron scandal

American political scandals

Mutual fund

Neil Bush

Halliburton

George Soros

Fannie Mae

Operation TIPS

Enron

	Harvard role in Harken called deeper
		The creation of the partnership was approved in a motion made by Bush, who was on the Harken board of directors and its audit committee, said Black, an assistant professor at the LBJ School of Public Affairs at the University of Texas in Austin.
		The partnership was "off the Harken books," Black said, which he said means that Harken's stake in the partnership was reported but the financial details did not need to be revealed to the Securities and Exchange Commission.
		Harken gave Bush a seat on the board of directors and an annual paycheck of $120,000.
	foi.missouri.edu /usenergypolicies/harvardharkenglobe.html (796 words)

	CAFTA Thumb Screws
		Right now, Harken Energy's long time partner MKJ [6] exploration is about to sign a deal for exploration rights in the most promising area of Nicaragua, 8000 square kilometres off the country's Atlantic Coast.
		Harken and MKJ are moving into Nicaragua after having their hopes dashed on developing a similar field in Costa Rica.
		Harken initially sued Costa Rica under the rules of the International Center for the Settlement of Investment Disputes, a Washington based institution associated with the World Bank.
	www.dissidentvoice.org /Articles8/Solo_CAFTA.htm (2794 words)

	OnPolitics (washingtonpost.com)
		Bush served on the Harken Board of Directors from 1986 through the early '90s, during the period when Harken faced an inquiry by the Securities and Exchange Commission.
		Harken sold a subsidiary, Aloha Petroleum, in 1989 to a group of insiders through a seller-financed loan.
		In a White House press conference Monday, Bush rejected comparisons of Harken's SEC dealings with that of the Enron Corp., where accounting practices were used to conceal millions of dollars in losses.
	www.washingtonpost.com /wp-srv/onpolitics/articles/primer.html (611 words)

	t r u t h o u t - Harken Web Grows More Tangeled For Bush
		The story of Harken Energy, and the actions of Harken executive Bush, are almost completely identical to the circumstances surrounding the collapse of Enron.
		The Texas-based energy company was, in 1990, the seventh-largest stock holding in Harvard's portfolio, bigger even than the university's stake in Exxon Corp. In all, Harvard Management risked 1 percent of the university's endowment in the small, struggling company, a surprisingly large bet by any measure, but particularly given Harken's dismal prospects.
		Harvard bailed out Harken several times and poured millions into the company in 1989, 1990, and 1991, all while Bush's father was president and his son still a director of the firm.
	www.truthout.org /docs_02/11.01A.harken.harvard.htm (3455 words)

	ALOHA, HARKEN ENERGY! - Following the Oil Slick from the Texas Bushes to Hawaii's Kamehameha Schools. (Site not responding. Last check: 2007-09-09)
		This scandal – dubbed “Iraqgate” – prompted Gonzalez to prepare a House resolution called for the impeachment of Bush Attorney General William Barr for “obstruction of justice in the BNL scandal.” House Judiciary Committee Chairman Jack Brooks called on Barr to appoint a special prosecutor in the case.
		Bush’s sale of the Harken stock in 1990 attracted the attention of regulators and the national media because he was tardy in filing the required public disclosure, and because the trade came shortly before the company reported for the first time that it was incurring huge losses.
		Harken masked its 1989 losses when in mid-year it sold 80 percent of a subsidiary, Aloha Petroleum, to a partnership of Harken insiders called Intercontinental Mining Resources, Limited for $12 million, $11 million of which was through a note held by Harken.
	www.the-catbird-seat.net /AlohaHarken.htm (8040 words)

	Harken Energy - Wikipedia, the free encyclopedia
		Harken Energy Corporation is an American oil and gas company, headquartered in Southlake, Texas.
		Harken has attracted attention because of the role played in its affairs in the 1980s by George W. Bush, later the President of the United States.
		A Harken transaction associated with the endowment fund of Harvard University has also been questioned; see Harken Energy Scandal and Harken board member from Harvard, Michael R. Eisenson.
	en.wikipedia.org /wiki/Harken_Energy (213 words)

	Byron York on Bush & Harken on National Review Online
		Harken's management wanted Bush on its team — his father was then vice-president, and he had extensive connections, as well as knowledge of the oil and gas business.
		But Harken's officers did not offer Bush an executive role, instead giving him a seat on the board, a chunk of stock worth at least $500,000 at the time, and a consulting contract.
		In addition, the investigators found that Bush played a "relatively limited role in Harken management." In that role, he usually did not receive what were called the Weekly Flash Reports on the company's financial condition; those reports were given only to the board of directors' executive committee.
	www.nationalreview.com /york/york071002.asp (2474 words)

	HarkenEnergy - 9/11Encyclopedia
		In 1983, Bush's company was rescued from failure when Spectrum 7 Energy Corporation, a small oil firm owned by William DeWitt and Mercer Reynolds, bought it.
		Harken Energy Corporation acquired Spectrum 7 in 1986, after Spectrum had lost $400,000.
		On October 9th 2002 Reuters reported, that President Bush 's former oil firm Harken has formed a partnership with Harvard University that concealed the company's financial woes and may have misled investors, a student and alumni group said in a report.
	911review.org /Sept11Wiki/HarkenEnergy.shtml (520 words)

	‘Frauds-R-Us’The Bush Family Saga: The Harken Connection
		Under the terms of the deal, Harken was given the exclusive right to explore for gas and oil off the shores of the Gulf island nation.
		Strain failed to point out, however, the one fact that puts the Harken deal in focus: George Bush, Jr., the eldest son of George and Barbara Bush of 1600 Pennsylvania Avenue, Washington, DC, is a member of Harken's board of directors, a consultant, and a stockholder in the Texas-based company.
		Alan Quasha, a Harken director and former chair of the company, is the son of attorney William Quasha, who defended figures in the Nugan Hand Bank scandal in Australia.
	www.informationclearinghouse.info /article3329.htm (1291 words)

	Bush and Harken Energy \| Special reports \| Guardian Unlimited
		In that transaction, Harken sold 80% of a subsidiary, Aloha Petroleum, to a partnership formed by Harken executives, who got most of the money for the deal by borrowing from Harken itself.
		Mr Bush became a director of Harken and a member of its audit committee when Harken paid $2m for Spectrum 7, a small loss-making energy company with large debts.
		When asked why Spectrum 7 was of interest to Harken, its founder, according to the US economist Paul Krugman, said: "His name was George Bush." At the time Mr Bush's father was president.
	www.guardian.co.uk /bush/story/0,7369,752706,00.html (706 words)

	Investigations and Scandals Information Portal @ Denounced.net (Site not responding. Last check: 2007-09-09)
		A scandal is a widely publicized incident involving allegations of wrong-doing, disgrace, or moral outrage.
		A scandal may be based on reality, or the product of false allegations, or a mixture of both.
		Some scandals are broken by a Burrell affair revealing wrongdoing within an organization or a group.
	www.denounced.net (1003 words)

	REVIEW & (Site not responding. Last check: 2007-09-09)
		Bush joined Harken as a director in 1986, and in 1990 he sold 212,000 Harken shares, at $4 each, to finance his stake in the Texas Rangers baseball team.
		Bush had indeed failed to file a timely transaction report -- that failure was blamed on Harken's lawyers -- but in October 1993 the SEC cleared him of any illegal conduct.
		While a putative scandal is always open to fresh disclosures, what excited the press pack this week was already known when voters cast their ballots.
	www.geocities.com /pecksnif/Articles/harkenploy.htm (356 words)

	Where's the Outrage
		Harken had been looking to buy failing companies when it happened upon Spectrum 7, a company that came with the bonus of the Bush name.
		Relatively Speaking: The Harken controversy became an issue again in 2002, when it led some to question whether the second Bush administration was capable of adequately castigating corrupt corporations like Enron (a major Bush campaign contributor, whose accounting firm, Arthur Anderson, was also serving Harken in 1990).
		And Harken’s earlier method of hiding losses by creating a false profit—having a company borrow money and pay $10 million for a Harken subsidiary, Aloha Petroleum—involved a sum several dozen times the size of the Whitewater deal.
	www.polianna.com /2004/10/outrage.harken.html (878 words)

	Bush Family Value$
		Harken Energy was formed in l973 by two oilmen who would benefit from a successful covert effort to destabilize Australia's Labor Party government (which had attempted to shut out foreign oil exploration).
		Besides getting Harken stock through the deal, Junior was paid $80,000 a year as a consultant (until 1989, when his wages were increased to $120,000; recently they were reduced to $45,000).
		One Wall Street analyst called Harken's web of insider stock deals and mounting debt "a lot of jiggery-pokery." Harken was not making money and could not have continued into 1990 without at least some means of convincing lenders and investors that the company would soon find a lot of oil.
	www.motherjones.com /news/feature/1992/09/bushboys.html (6345 words)

	portland imc - 2004.09.20 - Bush Perjury Bush Lies
		I think that the TV news is extremely prejudiced in that when Bill Clinton committed perjury and contempt of court they covered the story from start to finish yet when Bush commits contempt of court and perjury they refuse to cover the story at all.
		It's also revolting behavior of the TV news that when Martha Stewart got caught up in an insider trading scandal they cover the story from start to finish yet when Bush gets a whitewash over his Harken Energy Scandal by his personal attorney James Doty the TV news refuses to cover the story.
		In the Harken Energy Story you will find out about James Doty who was Bush's personal attorney when he owned his baseball team.
	portland.indymedia.org /en/2004/09/297852.shtml (923 words)

	CAFTA thumbscrews – the nuts and bolts of "free trade" extortion by Toni Solo 14 October 2003
		This company, quoted on the London Stock Exchange, is a subsidiary of Harken Energy, the vehicle George W. Bush used to dodge and deal his way into big business before the first Gulf War.
		Global Energy Development shares the same address as Harken Energy in Houston, Texas.
		Then, at the start of October this year Harken dropped its claim pending further action in the Costa Rican courts and more negotiations with the Costa Rican government.
	www.doublestandards.org /solo7.html (2741 words)

	Once part of mess, Bush vows cleanup (Site not responding. Last check: 2007-09-09)
		When Bush was a board member of Harken Energy Corp. in 1989, the Securities and Exchange Commission forced the company to amend its books to reflect millions of dollars in losses that had been masked by the sale of a subsidiary to a group of insiders.
		At issue are 212,140 shares of stock in Harken, a Texas oil and gas company, that Bush sold for $4 a share, or $848,560, on June 22, 1990, when his father was president.
		Bush, who was on Harken's board of directors, has said that he quickly realized that the stock's slide would raise concerns that he had sold based on inside information, a potential crime.
	seattlepi.nwsource.com /national/77295_bush04.shtml (1016 words)

	Harken Scandal: Board Was Told of Risks Before Bush Stock Sale
		WASHINGTON - One week before George W. Bush's now-famous sale of stock in Harken Energy Corp. in 1990, Harken was warned by its lawyers that Bush and other members of the troubled oil company's board faced possible insider trading risks if they unloaded their shares.
		In 1990, Harken, a small, Texas-based energy company, was Harvard Management's seventh-largest stock holding.
		Harken remains financially troubled, with its stock trading at 22 cents a share.
	www.commondreams.org /headlines02/1030-06.htm (1766 words)

	Three Cheers for McAuliffe! Now Do the Right Thing and Step Down, Terry
		Despite his miserable performance as an oil exec, he was appointed to the board of Harken, and sat on their audit committee.
		Then, about 4 years later, two months before Harken's stock was about to tank because of undisclosed losses and sham accounting, Bush the Lesser dumped his holdings for about $850,000.
		So it's with curiosity that we witness Terry McAuliffe, head New Democrat and DNC chair, highlighting the Harken scandal these many years later (after a tailor-made situation presented itself) to call the Thief in Chief to account.
	www.commondreams.org /cgi-bin/print.cgi?file=/views02/0707-08.htm (905 words)

	The Profits Of Death...Insider Trading And 911 - Part III
		The younger Bush denied the charge of insider trading in spite of his positions on the Harken Energy board of directors, audit committee, and stock restructuring panel.
		He added that he had no idea Harken was going to get an audit report full of red ink until weeks after he had made his stock sale.
		Thus, Harken Energy, a Houston oil company doing business in Bahrain, wherein some of his father's largest contributors also maintained substantial stock positions, made George W. his first million which served as seed money for his upcoming Texas Rangers deal.
	www.rense.com /general19/profits.htm (3354 words)

	CorpWatch : Harvard's Enron-Style Partnership With Harken (Site not responding. Last check: 2007-09-09)
		The Harken Anadarko Partnership, formed by the ailing Harken Energy Company and its thenlargest shareholder, Harvard University, propped up the troubled company with endowment money and may have deeply misled investors, students found and today's Wall Street Journal and Boston Globe reported.
		This maneuver transformed the public perception of Harken's financial state: the company's reported losses and liabilities were drastically reduced over the next two years.
		The brighter financial figures allowed Harken's stock price to temporarily reverse its precipitous decline and reach its historical high in 1991, indicating that the Anadarko partnership misled investors about the future profitability of the company.
	www.corpwatch.org /article.php?id=4391 (583 words)

	NucNews - July 12, 2002
		Harken gave Bush $2 million in stock options, a $122,000 consulting job, and a seat on its board of directors.
		While Bush was working for Harken, Rodrigo Villamizar, an old friend Bush had met at a fraternity party in 1972, became director of Colombia's bureau of Mines and Minerals, the ministry that oversees the sale of oil concessions by the state oil company, Ecopetrol.
		Harken is still doing business in the Magdalena Valley, thanks in part to funding from the World Bank's International Finance Corporation, and paramilitaries continue to terrorize anyone who threatens corporate interests in the region.
	nucnews.net /nucnews/2002nn/0207nn/020712nn.htm (19121 words)

	Bush's hypocritical corporate ethics - By William Saletan - Slate Magazine
		On Monday, President Bush defended his stewardship of Harken Energy, a company on whose board of directors he served more than a decade ago.
		The key facts in the Harken case are these: Bush sold more than $800,000 worth of stock in Harken in June 1990, two months before the company reported a far larger quarterly loss than investors had anticipated.
		Monday, Bush argued that the SEC's eventual correction of Harken's books—a correction that wasn't made until after Bush had sold his stock—proved that "the system worked." The SEC "made the decision that Harken ought to restate some earnings, which Harken did," said the president.
	www.slate.com /?id=2067870 (1221 words)

	PARANOIA - Follow the Money: The Bush-bin Laden Connection
		When Harken Energy needed capital to expand, George W. - a member of Harken's board - assisted in obtaining a $25 million loan from the Union Bank of Switzerland.
		He would also have been surprised to learn that the bank that cut the $25 million check for Harken, the Banque de Commerce et de Placements, was only half owned by Union Bank of Switzerland.
		According to Byron, once the Harken financing was completed, Union Bank of Switzerland sold its interest in Harken to Saudi real estate developer Abdullah Bakhsh, whom The Wall Street Journal has linked to BCCI figures Pharaon and bin Mahfouz.
	www.paranoiamagazine.com /followmoney.html (929 words)

	Harken Energy Scandal - Wikipedia, the free encyclopedia
		The Harken Energy Scandal refers to a series of transactions entered into during 1990 involving Harken Energy.
		Michael R. Eisenson, the former Harvard Management official who dealt directly with the Harken investment for it, not only dealt with Harvard's Harken investment, he also invested his own money in the company.
		On June 15, 1990, lawyers from the firm of Haynes and Boone, which worked for Harken, sent a warning about selling on insider information.
	en.wikipedia.org /wiki/Harken_Energy_Scandal (1396 words)

	The REAL Dirt On Bush/Harken Scandal!! : SF Indymedia (Site not responding. Last check: 2007-09-09)
		Arbusto is an oil company Bush ran into the ground and it was acquired by Spectrum which, Bush ran into the ground and it was acquired by Harken.
		"This is an incredible deal, unbelievable for this small company," energy analyst Charles Strain told Forbes magazine, describing the oil production sharing agreement the Harken Energy Corporation signed in January 1990 with Bahrain.
		"In the midst of Harken's talks with Bahrain, Ameen- simultaneously working as a State Department consultant-briefed the incoming U.S. ambassador in Bahrain, Charles Hostler," the Wall Street Journal noted, adding that Hostler, a San Diego real estate investor, was a $100,000 contributor to the Republican Party.
	sf.indymedia.org /news/2002/07/136245.php (1367 words)

Try your search on: Qwika (all wikis)