To: DuckTapeSunroof who wrote (269766 ) 7/3/2002 10:44:25 PM From: Doug R Respond to of 769667 >>The Dog ate his Homework - Four Times. I go away for a few days and come back to another bit of Bush exposed. When I heard a tiny bit of the Harken fraud found its way to the mainstream press that was also my first perception of the excuses coming out of Bush.almartinraw.com THE BUSH FAMILY - HARKEN ENERGY FRAUD In his online column, "Behind the Scenes of the Beltway," (http://www.almartinraw.com), Al Martin has written that "you have to look at the entire Bush Family in this context -- as if the entire family ran a corporation called 'Frauds-R-Us.' Each member of the family, George Sr. , George Jr., Neil, Jeb, Prescott, Wally, etc., have their own specialty of fraud." "George Jr.'s specialty was insurance and security fraud. Jeb's specialty was oil and gas fraud. Neil's specialty was real estate fraud. Prescott's specialty was banking fraud. Wally's specialty was securities fraud. And George Bush Sr.'s specialty? All of the above." In this context, the infamous Harken Energy Fraud takes on new meaning as a multi-generational family of fraudsters, using high-level insider contacts, are able to manipulate stock prices for their own profiteering. "Harken was one of those deals that was a combination fraud as well as a manipulation," says Al Martin. "There's different types of fraud when you get into securities. When George Jr. was put in charge of Harken Energy by his father [George Herbert Walker Bush], he essentially took it down the tubes. You have to realize that every business that George Jr. has ever had has failed. That's the man's business record." Enquiring minds want to know -- was it deliberate? "It was a deliberate act by the old man, knowing that his son would take it down the tubes because the son's incompetent," Al Martin replies. "George Bush, Sr. and James Baker and Senator Tower would heavily short Harken stock. I have a list of everybody because I was one of them but to a much smaller extent. Harken stock was trading at 7-3/4 or 8, when George Jr, was put in charge of it. A year later, the stock was trading at 1-1/8 bid, 3/8 offer. They pumped the stock back up through a lot of bogus press releases and by using essentially worthless leases in Bahrain and essentially worthless South American oil leases and through sympathetic geologists making them appear to be really worth something and making it appear that Harken's about to make a strike when in fact it's all made up. It's all fictitious. And through carefully crafted broker releases and broker statements and press releases, you can pump the stock back up. This has happened sixteen times to my knowledge. Harken would get pumped back up from the dead, from say a buck, buck and a half, back to seven, seven and a half, then it would get dumped again. Originally George Jr. had control of the company. He stayed on the board."