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Panama and Colombia.
Nightlin&˜Financial Times-cluster bombs and fuel-air There the drug deals and death squads run by trillion dollars™ worth of oil from the Gulf shipped
explosives. Israeli agents undermined ˜me Bush Administration™s (from 1980 to 1990) to the West. From these oil
The White House issued a denial, and Senate narcotics strategy-and led to the assassination of deals, Saddam got kickbacks to the tune of $250
investigators said they saw no evidence to back up the numerous Colombian officials-clashing with the billion arranged by George Bush and oil companies
report. Nonetheless, committee sources told Newsweek efforts of U.S. law-enforcement teams in the region. such as Pennzoil-which are connected to Bush [one
that the Gates nomination “is in deep trouble”. As one According to Chicago journalist Sherman Skolnick, of the heads of Pennzoil].
aide put it, “We™re back to where we were with him in Saddam split these kickbacks from the oil
from secret court documents he has uncovered, Bush and
1987.” Saddam split $250 billion worth of Persian Gulf oil companies with George Bush and others. The
Beyond Gates, Fier™s revelations embarrassed kickbacks, which were funneled through the scandal- Chicago case in question [mentioned above] came up
Webster and the Agency. Webster had assured David ridden Bank of Credit and Commerce International before a three-judge appeals panel. We found out
Boren, Chairman of the Senate Intelligence Committee, that one of the judge™s law clerks leaked out
(BCCI).
that the late William Casey was the only CIA official “These are not government-to-government information that one of the judges is pressing to
Page 20 CONTACT: THE PHOENIX JOURNAL JANUARY 3,200O

release the records. The release of these records operate[d] in 73 countries and had 400 branches. Texaco appealed to the Texas Supreme Court,
would put Geprge Bush in jail-just like that. BCCI financed the Democratic Party in the United which upheld the verdict but refused to review it.
The Justice Department then started circulating States and arranged deals for Republicans outside the Thereafter, there were stories in the press in various
stories that one of the panel members is being United States. parts of the country that judges on the Texas Supreme
investigated for eight instances of bribery in other There were two purposes behind the seizure of Court are “corrupt”. Texaco went to the U.S.
cases. We know about these other cases. However, the BCCI Chicago branch: Supreme Court because they were told that they had
One, to ˜stop BCCI™s funding of the Dukakis
the Justice Department only wants this information to put up a $12 billion “appeals bond”. (It- would
about the bribery cases known in order to blackmail campaign so that Dukakis would have no money for have been the largest appeals bond in the history of
the three-judge panel not to release the documents television advertisements in the remaining weeks of the world).
relating to Bush and Saddam: the 1988 campaign. Bush leaned on the Supreme Court-let™s say it
Two, to impound and suppress records at the
Skolnick revealed that his investigation pinpointed like it is-Bush corrupted the Supreme Court to grant
efforts within even the House Banking Committee Chicago branch regarding kickbacks to Saddam- no remedy to Texaco. Believe me, legal scholars
itself to sabotage Gonzalez™s investigation of the which tend to incriminate George Bush in his joint were scratching their heads, but there™s no doubt
Bush-Saddam-BCCI scandal. business ventures with the Iraqi dictator. about what happened. As a result of this, Texaco fell
According to Skolnick: I point out one other thing: The same Bank has under the domination and supervision of Pennzoil.
[QUOTING Sherman Skolnick:] records showing joint business ventures between Gen. Where did the kickbacks to Saddam reportedly
One of my contacts spoke to Mr. Gonzalez, and Manuel Noriega, former dictator of Panama, and come from? They came from the deals between
it appears that the Congressman and his secretary are George Bush. In January of 1990, the Federal Texaco and its subsidiaries purchasing oil from Iraq.
aware of these saboteurs. They are being sabotaged. Prosecutor in Tampa had former top officials of There™s where the $200 billion comes from, and 5
On the Senate side the investigation is also being Florida™s branch on trial. They were allowed to percent of that is $10 billion. There™s no way in the
On June 13, the Wall Street Journal
hampered. escape prison with only a slap on the wrist and a world that Bush would not have known about those
pointed out that Sen. [John] Kerry [D.-Mass.] who is small penalty. Here™s why: They told the Justice kickbacks-which he obviously supervised. As far as
investigating BCCI became chairman of the Department that if they were going to go to prison, the kickbacks, there has been something published
Democratic Senate Campaign Committee, which they had documents from their Bank showing that about them: The November 29, 1989 issue of the
Wall Street Journal reported that IRS officials say that
received large contributions from BCCI. There™s George Bush had private business ventures through
something outrageous going on here. their bank with a series of dictators including not only officials of the BNL got $290,000 in kickbacks from
There is the third investigation being conducted Saddam and Noriega but others, as well. Saddam in his deals.
by Manhattan District Attorney Morgenthau. The key What™s interesting is that the records of the The nature of these “deals” is left out of the
records implicating Bush™s deals with Saddam and Florida branch of BCCI were not seized, but the article. Obviously, some of these deals are the ones
Noriega are in the hands of the Bank of England, Chicago branch records were seized. The reason for in which Bush was involved. As I perceive it, there
which is seizing all of these BCCI branches, as this is that the bulk of the $10 billion in kickbacks to has been falsification of records and obstruction of
outlined earlier. Saddam went through the Chicago branch. This is justice. By what right does the White House lean on
Now here™s the way it could be explained. On almost certainly the same reason that the Justice the Supreme Court to damage Texaco for the benefit
the one hand they are either trying to cover up for Department is not interested in bringing charges of George Bush and his Pennzoil Company?
Bush, or else they want these records to blackmail the against the Chicago bankers. They can use the same In the last couple of weeks the press is trying to
put all of the blame for the Noriega deals and for the
Bush White House. Pick whichever explanation threat against Bush that the Florida bankers have
you™re comfortable with. I don™t know whether there Saddam deals on Clark Clifford. I™ve interviewed
made.
will be an honest government investigation, since the The Justice Department not only seized the several sources that know Clifford and his wife. His
one honest investigation being conducted by Mr. wife is going around crying to friends that her
Chicago branch records to damage the Dukakis
Gonzalez is being sabotaged by people on his campaign, but to cover up the joint business ventures husband is about to be indicted and framed by the
committee. between Bush and various dictators, as I™ve White House to protect Bush himself from going to
It™s worth noting, incidentally, that the money paid prison. I don™t know if Clark Clifford is an angel or
mentioned. Another bank, the Banco Nazionale de1
˜0 the Iranians in the so-called October Surprise and Lavoro [BNL], is also involved in these deals. Their not, but I do know it™s wrong to blame all this on
Iran-Contra scandals went through BCCI and BNL. Chicago subsidiary also had records relating to these Clifford and ride him into jail-without Bush going
That™s why the whole thing is a runaway scandal. along behind him. They are trying to make it look
deals.
This case involves what amounts to the largest tax- Rep. Gonzalez, Chairman of the House Banking like the BCCI scandal is a Democratic Party albatross
evasion case in history-and George Bush most likely and focus everything on Clifford. I don™t say any of
Committee, was in the process of seizing these
would have to go prison. records via a congressional subpoena. However, on this lightly. I™m saying there is a reasonable basis for
[In an interview with Tom Valentine of Radio December 28, 1990, a federal judge in Chicago, Brian grand juries to indict George Bush.
Free America, Skolnick continued:] As far as I™m concerned, there™s only one
Duff, who has connections with the Federal Reserve,
The bulk of the money went through BCCI. That independent source in this country, and those are
impounded those records and chased Gonzalez™s
Bank was formed in the 1970s with seed money from I™ve also talked to several sources
attorney out of court and called him names, saying he grand jurors....
the Bank of America, the largest shareholders of close to Gonzalez. . . [and they said] that he is
was acting like “an 800-pound gorilla”. The judge
which are the Rothschilds of Chicago, Paris, London considering going before Congress and demanding
ordered Gonzalez not to use any of the records that
and Switzerland.... The Bank is also linked to the he already has and ordered him to give the other that the Justice Department prosecute Bush on these
financial affairs of former President Jimmy Carter and kickbacks to Saddam that went through BCCI and
documents back.. ..
his friend and one-time Budget Director, banker Bert Saddam™s oil was shipped to Texaco. In 1985 a BNL, which Bush knew about and which his financial
Lance. Texas jury, at the behest of Pennzoil, issued the interests in those oil companies arranged.
Some of the details about the Democrats who Gonzalez™s closest friends say that the only thing
largest damage verdict in American history against
have been involved in this whole affair have been Texaco. Pennzoil claimed that Texaco damaged them preventing the Congressman from going on the floor
published, for example, in the May 3 issue of the of the House and urging Bush™s prosecution is that
in a deal with Getty Oil. Who owns Pennzoil?
Wall Street Journal. During the 1988 presidential the White House is invoking some sort of “national
George Bush and his friends.
campaign, additionally, BCCI was one of the major Some of this came out in an obituary in the security” matter involving these two banks.
Chicago Tribune. It referred to “George Bush and
financiers of the Michael Dukakis campaign. [END QUOTING]
On the Columbus Day weekend in 1988-at the Dark shadows keep emerging from George
his partner, William Liedtke Jr. and Liedtke™s
behest of the Reagan White House-BCCI™s facilities brother”. It said: “In the mid-1950s [the Liedtke Bush™s past. Yet, somehow-as if by magic-he
in the United States were seized, including their brothers] teamed up with then-oilman George Bush scrapes through unscathed.
branch in Chicago. It was claimed that BCCI was in and John Overby to form Zapata Oil Co. Then they Who said Ronald Reagan was the Teflon@
the drug-money laundering business... BCCI went on to form Pennzoil.” President?
Page 15
JANUARY 10,200O CONTACT: THE PHOENIX JOURNAL




The Immaculate Deception
drilling rights off Saudi Arabia.”
“I don™t think there is a connection,” Bush said. “I
don™t feel American troops in Saudi Arabia are
preserving George Bush, Jr.˜s drilling prospects. I think



TheBushCrime
Fami(vExposed
that™s a little far-fetched.”
In his interview with the Post, Bush mentioned that
he had sold a large portion of his Harken stock “in June
or July” 1990, weeks before Iraq™s invasion of Kuwait
on August 2. Within days of the invasion, the value of


ChapterTen - Harken shares dropped dramatically. Brewton could find
no record of the transaction on file with the Security and
Exchange Commission (SEC).
The mystery of the missing documents was resolved
By Russell $. Bowen last April 4, when the Wall Street Journal reported that
Bush failed to report the “insider” stock sale until
production, transportation and marketing rights to most March-nearly eight months after the deadline for
disclosing such transactions. According to the Journal,
of Bahrain™s offshore oil and gas reserves. The
CHAPTER 10
territories covered by the pact lie sandwiched between documents filed with the SEC indicate that on June 22,
the world™s largest oil field, off the shore of Saudi 1990, Bush sold 212,140 shares of his Harken stock for
THE SINS OF THE FATHERS...
Arabia, and one of the biggest natural-gas fields off the
AND THE SONS...AND THE BROTHERS $4 per share. The sale, representing 66 percent of
shore of Qatar. Bush™s holdings in the company, raised $848,560.
This ” . ..contrasts with Bush™s twitching, flailing At the time the deal was announced, oil-industry Bush sold his Harken shares at near top market
body language and ghastly, pained grin, which betray analysts marveled at how this unknown company, with value. One week after Iraqi troops marched into Kuwait,
anxiety.” -John Taylor, New York
incredible no previous international drilling experience, had landed for example, Harken traded for just $3.03 per share-
Magazine, 1992 such a valuable concession. ˜This is an incredible deal, down nearly 25 percent from the price Bush received for
In the cozy, back-scratching, name-dropping world unbelievable for this small company,” Charles Strain, an his shares seven weeks earlier. In the past year, Harken
of the Bush family, it is whom you know that makes all energy analyst at Houston™s Lovett Underwood Neuhaus has never closed higher than $4.62 per share and [has
& Webb, told Forbes Magazine. Not mentioned in the
the difference. Having the same last name as the most dropped] as low as $1.12. Since the war ended in
powerful man in the Western world is the same as article was that George W. Bush, eldest son of the February, Harken has rebounded and is once again
buying an inexpensive ticket to enter a can™t-miss world President, sits on Harken™s board and is a $50,000-a- trading at around $4 per share.
of lucrative business deals. Under SEC regulations, Bush should have reported
year “consultant” to the Chief Executive Officer. Bush
the sale by July 10, 1990. The Journal, however, said
It™s a world of preferential treatment, where public also holds roughly $400,000 in Harken stock.
officials condone the type of conduct that would be The President™s son would not be the only notable Bush did not disclose it until March 1991. In the past,
prosecuted if the name were not Bush. This has long figure to profit if Harken struck oil in Bahrain. Involved the SEC has mounted civil suits against flagrant
been a histori& pattern for the Bush family, who have also are: the billionaire Bass family of Fort Worth, which violators of insider-trading rules, but such actions are
made a dubious tradition out of using politics and CIA will pay for Harken™s Bahrain expedition for a cut of the ram.
Bush described himself to the Post as a “small,
manipulations to foster their various business enterprises. profits; Harvard University, which, through an affiliate,
Members of the Bush family have repeatedly is Harken™s largest shareholder; South African tobacco, insignificant” stockholder. According to the company™s
displayed their adeptness at finding ways to capitalize on liquor and natural resources magnate, Anton Rupert, a 1989 proxy statement, Bush owned 345,426 shares of
the fact they are related to the President. They have also major Harken stockholder; and wealthy Saudi Arabian Hat-ken™s common stock, or less than 1.1 percent of the
been skillful at avoiding any responsibility and ducking businessman, Abdullah Taha Bakhsh, who also holds a total.
any punishment for highly questionable misdeeds, so it large stake in the company. News reports in 1989, however, identified Bush as
must have been something of a shock for Jonathan J. It is not just these wealthy and powerful groups that the second-largest non-institutional stockholder. The
Bush to be actually caught for doing something wrong. make Harken noteworthy, however. Research by the company™s 1990 proxy statement indicates Bush owns
Observer reveals that Harken has links to institutions
Of course, the price that Jonathan J. Bush paid turned 105,000 shares of common stock-less than 1 percent of
out to be typically light for a Bush-not much more than involved in drug smuggling, foreign-currency the outstanding total-and has warrants to purchase
a slap on the wrist. manipulation and the CIA™s role in the destabilization of another 28,286 at a substantially reduced price.
Jonathan is the brother of President Bush and head the Australian government. As a Director of Harken, Bush earned at least
of J. Bush & Co., a New York brokerage house. He was While it should be stressed that none of the players $20,000 last year, according to the company™s proxy
fined $30,000 for trading stocks for about 800 accounts involved in Harken stands accused of any improper or statement. He received an additional $120,000 as a
in Massachusetts without registering in the state as a illegal activity, the company™s association with these “consultant” to Harken President and CEO Mike1 D.
broker, officials said on July 26. institutions raises serious questions. Many of these Faulkner. This year, Bush will receive $50,000 for his
Bush agreed to pay the fine and limit the company™s connections are subtle-hidden behind layers of consulting services, in addition to his pay as a director.
business in Massachusetts for one year, according to Neil corporate stealth. To fully appreciate Harken and its Following the collapse of world oil prices in 1986,
Sullivan, Securities Division Chief for the Massachusetts milieu, however, these connections must be fully Bush merged his Midland Oil Company, Spectrum 7
Secretary of State. examined. Exploration, with Harken. According to the New
Republic, Bush “got no cash or role in Harken™s
J. Bush & Co. signed a consent decree that includes George W. Bush™s involvement in Harken was
revealed in October 1990 by Houston Post investigative
an offer to buy back an undetermined number of shares management, but he did get 1.5 million shares of Harken
it had sold to Massachusetts customers since January reporter Pete Brewton. At the time, Brewton questioned restricted stock, warrants to buy 200,000 more and a seat
1988, Sullivan said, adding, “What we™re really saying young Bush about Harken™s deal with Bahrain, which on Harken™s board.” At the time of the merger, Harken
here is that the State doesn™t have confidence that Mr. was then threatened by hostilities in the Persian Gulf. had annual revenues of just $4.4 million. In 1990, the
Moreover, as the Village Voice reported in January,
Bush has adequate compliance procedures in place to company took in over $822 million. Despite this rapid
protect smaller investors.” The company is now “Harken™s investments in the area will be protected by a growth, however, Harken has not made money since the
registered in Massachusetts. 1990 agreement Bahrain signed with the U.S., ˜allowing merger. In 1990, the company lost over $8.3 million.
In January 1991, Harken Energy Corp. of Grand American and ˜multi-national™ forces to set up permanent As a result of its deal with Bahrain, however,
Prairie, Texas signed an oil-production sharing Bush, who is the managing
bases in that country.” Harken™s fortunes could change. Although the only other
agreement with the government of Bahrain, a tiny island General Partner of the Texas Rangers baseball club, told oil-exploration effort off the shore of Bahrain came up
the Post it would be “inappropriate to say the U.S.
off the east coast of Saudi Arabia. The deal gives dry in 1961, Harken officials believe the area holds vast
Harken the exclusive exploration, development, potential.
armed forces in the Persian Gulf are protecting Hat-ken™s
Page 16 CONTACT: THE PHOENIX JOURNAL JANUARY 10, 2000

administrators of the bank™s Manila offices, U.S. Gen.
In 1989, Bahrain™s one producing onshore oil field officials and foreign diplomats have said President Bush
yielded 42,000 barrels a day. The country™s estimated LeRoy J. Manor and British subject Wilfred Gregory, was expected to approve exporting the satellites. The
underground reserves for 1990 totaled 112 million turned to their lawyer, William Quasha, for advice, action would represent one of the measures the
according to Kwitny.
barrels out of the 660 billion barrels in the entire Persian Administration is taking to improve strained relations
Gulf region. “It™s a wildcat prospect, so you have to In addition to his duties with Nugan-Hand, Manor with China.
give it a low probability of success,” Faulkner told the was Chief of Staff for the U.S. Pacific Command and the Asset Management International Financing &
Fort Worth Star-Telegrum, “but it™s the kind of thing U.S. government liaison with Philippine President Settlement, Ltd., a New York firm for which Prescott
Ferdinand Marcos.
that, if it hits, could make a ten-fold increase in the value Bush is a consultant, has a contract to provide
of the company.” Gregory was Nugan-Hand™s original representative communications connecting more than 2,000 professional
in the Philippines and a friend of Marcos™ brother-in-law,
Under the agreement with Bahrain, Harken will drill and university offices in China.
up to six exploratory wells over a three-year period. If Rudwig Rocka, whose family deposited $3.5 million in Company executives said that the Hughes satellites
the bank, according to Kwitny.
Harken finds oil, it would share the production revenues would be “advantageous” for its project, which is a 50-
with the government of Bahrain for the next 35 years. Gregory has stated that Manor™s decision to flee the 50 joint venture with the Chinese government. In
Neither Harken nor-the Bahraini government will Philippines to avoid punishment was inspired by a addition, Asset Management™s Executive Vice President
disclose how those revenues would be divided. conversation with William Quasha. According to said in an interview that the company could obtain more
Kwitny, “Gregory says William Quasha ˜arranged for
Harken estimates the cost of drilling the first well communications business in China if the satellites are
will run between $12 million and $13 million. Analysts Manor to leave the country. He told me to go, too.™ He launched.
said, ˜You could wind up in jail.™ The three-star general,
say the cost of drilling six wells could go as high as $50 Prescott Bush, an international businessman with
according to Gregory, left overnight.”
million. For cash-strapped Haken, these costs presented extensive business contacts in Asia, has denied using his
a formidable obstacle. Once the deal with Bahrain was In an interview with Kwitny, Quasha said that younger brother™s position to help him, and there is no
signed, therefore, Harken began looking for deep- attorney-client privilege prevented him from divulging substantial indication that the President™s foreign policy
pocketed partners to fund the project, whether he told Manor and Gregory they faced possible has been affected by his brother™s business dealings.
At least 30 eligible suitors soon came forward, imprisonment, or whether he advised Manor to leave the White House Press Secretary Marlin Fitzwater said
including five major oil companies. Harken eventually Philippines. “I™m not confirming or denying that I gave both the President and his brother were not aware of any
General Manor such advice,” Quasha said.
settled on Bass Enterprises Production Co., the oil and direct relationship between Asset Management™s business
gas exploration and development arm of Fort Worth™s Harken™s familial ties to Nugan-Hand and, indirectly, activities and Hughes Aircraft, which is supplying the
the intelligence community are reminiscent of another of
billionaire Bass family. Bass Enterprises is headed by satellites.
the company™s father-son relationships-that of George
Sid and Lee Bass, sons of oil tycoon Perry Richardson “I talked to the President, and he said he is unaware
Bass. W. Bush and his father. of any relationship or any activity involving Hughes
In July 1990, Harken announced that Bass Harken, the Quashas and other key Harken figures Aircraft,” Fitzwater said. ˜Then I called Prescott, and he
Enterprises would finance the first three exploratory have additional ties to Nugan-Hand through dealings also was unaware of any association involving Hughes
wells in Bahrain. After drilling the three initial wells, with a Swiss bank. William Quasha™s son Alan, the Aircraft.”
Harken Director, is an attorney with the New York law
Bass could withdraw from the project, but would forfeit A U.S. diplomat, describing Prescott Bush™s dealings
any revenues from oil production. If Bass funds an firm of Quasha, Wessley & Schneider. He is also a in China, said in an interview, “He was smart enough
additional three wells, however, it would earn a 50- Director of North American Resources Limited (NAR), not to mention his brother™s name, and the Chinese were
percent share of the profits Harken receives from its one of the principal stockholders in Harken. smart enough to make the connection.”
According to Harken™s proxy statement, NAR, which President Bush, who headed the U.S. mission in
agreement with Bahrain. Current plans call for drilling
to begin in the fall of 1992. owns 20.24 percent of Harken™s stock, is a partnership China in the mid-1970s sent National Security Adviser
between Quasha™s family and the Richemont Group
George W. Bush and the Bass brothers are not the Brent Scowcroft and Deputy Secretary of State Lawrence
only children of prominent parents involved in Harken. Limited, a publicly-traded Swiss company. S. Eagleburger to Beijing, to prevent China from drifting
The Richemont Group is controlled by South-
Harken Director and former Chairman Alan G. Quasha into isolation as a result of international outrage over the
June 3-4 massacre of pro-democracy demonstrators.
is the son of powerful Philippines lawyer William H. African billionaire Anthony E. “Anton” Rupert. NAR is
The overture brought criticism on Capitol Hill,
Published accounts have documented also the parent company of Intercontinental Mining and
Quasha.
connections between the senior Quasha and Australia™s Resources Limited (IMR), another major Harken where Democrats accused the President of moving too

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