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ensho Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-03-11 09:42 AM
Original message
a Bloomberg article makes my browser crash
Edited on Mon Oct-03-11 09:49 AM by ensho

title: Koch Brothers Flout Law With Secret Iran Sales

can one of you all bring it up and post it?

I've tried 3 times to no avail.
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still_one Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-03-11 09:46 AM
Response to Original message
1. Here is the link, and an excerpt from the artilce
http://www.bloomberg.com/news/2011-10-02/koch-brothers-flout-law-getting-richer-with-secret-iran-sales.html


In May 2008, a unit of Koch Industries Inc., one of the world’s largest privately held companies, sent Ludmila Egorova-Farines, its newly hired compliance officer and ethics manager, to investigate the management of a subsidiary in Arles in southern France. In less than a week, she discovered that the company had paid bribes to win contracts.
“I uncovered the practices within a few days,” Egorova- Farines says. “They were not hidden at all.”
She immediately notified her supervisors in the U.S. A week later, Wichita, Kansas-based Koch Industries dispatched an investigative team to look into her findings, Bloomberg Markets magazine reports in its November issue.
By September of that year, the researchers had found evidence of improper payments to secure contracts in six countries dating back to 2002, authorized by the business director of the company’s Koch-Glitsch affiliate in France.
“Those activities constitute violations of criminal law,” Koch Industries wrote in a Dec. 8, 2008, letter giving details of its findings. The letter was made public in a civil court ruling in France in September 2010; the document has never before been reported by the media.
Egorova-Farines wasn’t rewarded for bringing the illicit payments to the company’s attention. Her superiors removed her from the inquiry in August 2008 and fired her in June 2009, calling her incompetent, even after Koch’s investigators substantiated her findings. She sued Koch-Glitsch in France for wrongful termination.

There is more, but the rules indicate we cannot publish whole articles I believe

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bananas Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-03-11 09:48 AM
Response to Original message
2. Koch Brothers Flout Law With Secret Iran Sales
http://www.bloomberg.com/news/2011-10-02/koch-brothers-flout-law-getting-richer-with-secret-iran-sales.html

Koch Brothers Flout Law With Secret Iran Sales
By Asjylyn Loder and David Evans - Sun Oct 02 22:00:01 GMT 2011
Bloomberg Markets Magazine

In May 2008, a unit of Koch Industries Inc., one of the world’s largest privately held companies, sent Ludmila Egorova-Farines, its newly hired compliance officer and ethics manager, to investigate the management of a subsidiary in Arles in southern France. In less than a week, she discovered that the company had paid bribes to win contracts.

“I uncovered the practices within a few days,” Egorova- Farines says. “They were not hidden at all.”

She immediately notified her supervisors in the U.S. A week later, Wichita, Kansas-based Koch Industries dispatched an investigative team to look into her findings, Bloomberg Markets magazine reports in its November issue.

By September of that year, the researchers had found evidence of improper payments to secure contracts in six countries dating back to 2002, authorized by the business director of the company’s Koch-Glitsch affiliate in France.

<snip>
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bananas Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-03-11 09:50 AM
Response to Original message
3. Here's the printer-friendly link - it's a fairly long article
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ensho Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-03-11 09:51 AM
Response to Original message
4. thanks both of you for helping to get it posted


the Koch brothers are criminals
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bananas Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-03-11 09:57 AM
Response to Reply #4
6. Something about "Abolishing Social Security" in there
Edited on Mon Oct-03-11 09:57 AM by bananas
Long article, don't have time to read it now.
Thanks for pointing it out, looks important.

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bananas Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-03-11 09:55 AM
Response to Original message
5. Here's the story at the San Francisco Chronicle
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