Ben Stevens' secret fish deal(Ted Stevens' son has conflictt of interest)

[harpboy_ak]

The son of Senator Ted Stevens (BigOil-AK), President of the Alaska State Senate, apparently doesn't understand what "fiduciary duty" and "conflict of interest" mean. He's a punk politician with an even fouler temperament than his father, the Senate's President Pro Tem...

Ben Stevens' secret fish deal

State senator helped steer Adak pollock to a company he had financial stake in

http://www.adn.com/news/alaska/stevens/story/6984406p-6885249c.html

By RICHARD MAUER
Anchorage Daily News

State Sen. Ben Stevens held a secret option to buy into an Alaska seafood company at the same time his powerful father, U.S. Sen. Ted Stevens, was creating a special Aleutian Islands fishery that would supply the company with pollock worth millions of dollars a year.

The pollock allocation alone was projected to provide the company with $1.5 million in profits this year and $3.7 million in 2006, the company's founder said in an affidavit in March, before problems involving the company and the availability of fish cast doubt on those numbers. Under his deal, Ben Stevens would have been entitled to one-fourth of the profits of the company, Adak Fisheries.

During the time he held the option, the company grew in value from about $2 million to at least $8.5 million, according to an owner and court documents.

[elehhhhna]

1. Recall. Indict. Try. Imprison. 1-2-3-GO!

[Blue_In_AK]

2. Isn't it just lovely, Harpboy?

Ted's likely to have a stroke the way he's been hammering on the Anchorage Daily News and KTUU about this stuff, threatening with libel suits, etc. I can't wait to hear him go off following this story. My guess is Bennie Boy didn't have too pleasant a Sunday. Front page headline and THREE FULL PAGES. :rofl:

[roguevalley]

3. This is so awesome. I wish outsiders could understand the joy that

fills my heart over this. That old man and this punk need prison time. It is not for nothing that our state is fifth out of fifty for corruption.

[cleofus1]

4. the bad news is

this may not be against the law in alaska...

[Blue_In_AK]

5. Maybe not against the letter of the law

(although I don't know for sure), but it sure doesn't look good.

[cleofus1]

6. i think the extreme sense of entitlement

that so many of our politicians possess insures that they don't care what it looks like....

the bar is set so low here in alaska i think it really encourages corruption...many times it comes down to a judgement call by apoc or the courts....

[pushycat]

11. that entitlement attitude comes with incumbancy. If we would stop

re-electing these people it would go a long way toward reclaiming our country back. IMHO

[Judi Lynn]

7. Is this a glowing recommendation of the Senator's son, Ben, or WHAT?

In particular, Solberg said, Stevens went to bat for him on crab issues before the federal North Pacific Fishery Management Council "and the state, the Board of Fisheries," Solberg said. He said Stevens lobbied the state Fish Board on his behalf before he was a state senator.

Stevens did other tasks that could only be done in Anchorage while Solberg was out in Adak, including picking up fishermen at the airport.



"He was a friend who helped while I struggled," he said. "Maybe he believed in me. Who knows?"

The 46-year-old Stevens managed to get his work done despite other demands on his time, Solberg said.

"He is up at 4 o'clock in the morning working out, he can drink beer till after midnight and then be up at 4 o'clock in the morning. He does a lot. I can do a little stuff, but sometimes I need to rest a little bit, and both him and his old man -- Ben just keeps going."
(snip)

[cleofus1]

8. in alaska

yes it is a endorsement...hard drinking in the capital is very much accepted by the populace at large...the times that i have spoken against this type of boozing in the capital building i was greeted with blank stares and derision...

[Judi Lynn]

9. Amazing, cleofus1! No wonder Ted Stevens has had a lock on the Senator's

job for so long. They're probably all drunk when they vote!

First time I've ever heard it. I thought there was something wierd when a prominent businessman didn't mind telling reporters Steven's son is basically a wreck, but seemed so proud of him.

He's just another good ol' (drunk) boy, it seems.

[cleofus1]

10. a couple of months back

a security gaurd in the capital building made the news by reporting something that everybody in the capital (including all the news reporters) already knew...that hard drinking went on regularly in the capital building...he was fired...and it stuck...

welcome to alaska!