Koch Industries made secret sale to Iran

Nov 2005
76,560
10,255
Richmond Va
Koch Industries made secret sale to Iran

Koch Industries, the company controlled by GOP mega-donors Charles and David Koch, sold millions of dollars of petrochemical equipment to Iran in an end-run around a trade ban and cheated the government out of nearly 2 million barrels of oil from federal lands, according to a blockbuster report in the November issue of Bloomberg Markets magazine.
The company has also been involved in improper payments to win business in Africa, India and the Middle East, the Bloomberg report says.
It says internal company documents show the company made petrochemical equipment sales to Iran through foreign subsidiaries, thwarting a U.S. trade ban. The company also repeatedly ran afoul of environmental regulations, resulting in five criminal convictions since 1999 in the U.S. and Canada.
Koch Industries units have also rigged prices with competitors and lied to regulators, according to Bloomberg Markets magazine’s investigative report. It took 14 reporters from around the globe six months to put the story together.
The company, the report suggests, is obsessed with secrecy, to the point that it discloses only an approximation of its annual revenue -- $100 billion a year -- and says nothing about its profits.
I guess greed has no allegiance.
...Kochsuckers.
 
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Sparta

Former Staff
Aug 2006
22,803
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Koch money goes to:


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Jun 2011
1,474
217
I'm amazed that Bloomberg even undertook to write such an expose'. Good for them.
There's actually a Koch/Bloomberg 'thing' - kind've like Facebook/Google

For example:

Michael Bloomberg | Nanny Bloomberg | New York City Evacuation | The Daily Caller

As Walter Olson, senior fellow at the Cato Institute’s Center for Constitutional Studies, pointed out, Bloomberg has made a name for himself as one of the most overbearing mayors in the country.

“Bloomberg is a national symbol of ‘for-your-own-goodism,’ if you want to call it that,” Olson said. “The idea that where we used to think you had rights to run your own life it turns out the government has a right to correct and second-guess you for your own good.”

--------------------------------------------------------------

Google, "Cato Institute, Bloomberg"

NYC Schools Disintegrating under Bloomberg | Nat Hentoff | Cato Institute: Commentary [NYC Schools Disintegrating under Bloomberg]
Bloomberg: Black Parents Fail Their Kids | Nat Hentoff | Cato Institute: Commentary [Bloomberg: Black Parents Fail Their Kids]
Bloomberg Tries to Buy Himself Another Term | Cato @ Liberty [Bloomberg Tries To Buy Himself Another Term]

Its kinda sorta personal....
 

Rasselas

Moderator
Feb 2010
72,353
49,932
USA
There's actually a Koch/Bloomberg 'thing' - kind've like Facebook/Google

For example:

Michael Bloomberg | Nanny Bloomberg | New York City Evacuation | The Daily Caller

As Walter Olson, senior fellow at the Cato Institute’s Center for Constitutional Studies, pointed out, Bloomberg has made a name for himself as one of the most overbearing mayors in the country.

“Bloomberg is a national symbol of ‘for-your-own-goodism,’ if you want to call it that,” Olson said. “The idea that where we used to think you had rights to run your own life it turns out the government has a right to correct and second-guess you for your own good.”

--------------------------------------------------------------

Google, "Cato Institute, Bloomberg"

NYC Schools Disintegrating under Bloomberg | Nat Hentoff | Cato Institute: Commentary [NYC Schools Disintegrating under Bloomberg]
Bloomberg: Black Parents Fail Their Kids | Nat Hentoff | Cato Institute: Commentary [Bloomberg: Black Parents Fail Their Kids]
Bloomberg Tries to Buy Himself Another Term | Cato @ Liberty [Bloomberg Tries To Buy Himself Another Term]

Its kinda sorta personal....
Thank God these rich men don't get along. Their intra-class warfare is our only hope.