New inquiry examines Hollinger bonus plan (R. Perle $3M Investment Scheme)

[joeunderdog]

RICHARD PERLE, the former US Assistant Defence Secretary and Hollinger International board member, is under investigation for allegedly failing to disclose bonuses worth about $3 million (£1.6 million) which he received for running an investment scheme, The Times has learnt.

Mr Perle, a vocal supporter of President Bush, was awarded the money as a reward for investing Hollinger shareholder funds in a series of separate businesses. Mr Perle also held a stake in some of those businesses. While the scheme put Hollinger International shareholders’ money at risk, it was never disclosed to them.

snip

Failure to disclose such awards represents an apparent contravention of the US Securities and Exchange Commission’s rules. Mr Perle, in common with any director of a public company, is required each year to disclose earnings above $60,000.

snip

Shareholder money was funnelled through a company called Hollinger Digital Inc, where Mr Perle was co-chairman. The group was a unit of Hollinger International and was set up in 1996.

more
http://www.timesonline.co.uk/article/0,,5-1006783,00.html

This is the dirtiest administration in history. There are volumes and volumes of filth and it just keeps coming.

[DoYouEverWonder]

1. So finally the Conrad Black scandal

is leading to Perle. Can't wait to see that slimball doing a perp walk. Someday, baby, someday soon.

Seems all these years of criminal activity by this bunch of traitors is finally coming to a head. I feel like we are living inside of a pimple, that's getting ready to burst.

[papau]

5. Conrad Black warned he would fire the Board of Directors if they disagree

with him - on anything!

I thought paid management could not do that!

[UpInArms]

7. here's a related article on Black (being threatening)

http://www.heraldsun.news.com.au/common/story_page/0,5478,8738010%255E1702,00.html

Asked how many times Black had made threats to members of the special committee, Breeden testified he was not sure he could remember them all. "Mr. Black begins many conversations by threatening everybody," Breeden said.

Breeden testified that Black began a meeting "glaring" at the directors present and threatened to sue them for libel in Canada. Black later did so. Black also noted that he knew where two of the members of the special committee lived, and could have one of those houses taken away, Breeden said.

Breeden also said he suspected that if Black's efforts to sell the business were successful, Black would put the proceeds of the sale into a bank in "Beirut, Gibraltar, or some such place" where investigators seeking to recover the money would have little chance.

The trial got under way on Wednesday with accusations from the present chief executive that Black lined his pockets with improper payments. Testimony is expected to go through today, when Black was expected to take the stand. A ruling is expected by the end of next week.

...more...

[RedEarth]

2. Once again, this group of repubs are showing the world what they're like

.....a group of liars and criminals. It doesn't get any worse than these thugs.

[cosmicdot]

3. it'd be great time to clean house really well

there's still the likes of Ed Meese scurrying in the background, but for most part, some of the most corrupt are or have been a party to their crimes are good for a round-up ... but, is there any authority capable or willing to bring them down if needed?

[susu369]

4. What a vile man

and he continues to show off and spew his venom on recent television shows and speaking engagements....

This breaking story today gives me hope that justice will prevail and his evil agenda will be ended.
Hope, hope, hope, hope.

:kick:

[peacetalksforall]

6. And don't forget his dual citizenship loyalty to Sharon.

Which seems to boil down to this...

protect Israel and make a bundle while you're doing it.

Folks, we're being robbed. Call 911.

[DoYouEverWonder]

8. They use to call that treason

I can't wait to see this man fall. I just hope they get some live video of it when the time comes. And I hope it is sooner rather than later.