This week, Mr. Strong, a long-time mentor and associate of Mr. Martin, admitted ongoing links to Tongsun Park, a Korean lobbyist charged in connection with oil-for-food. Mr. Park previously enjoyed 15 minutes of infamy in the 1970s as the conduit for bribes to U.S. Congressional officials, an affair dubbed "Koreagate." This time, according to Paul Volcker's independent inquiry, Mr. Park transferred funds from Iraq to high-ranking UN officials.Mr. Park has apparently admitted that he invested US$1-million in a Canadian company associated with the son of a UN official. Mr. Strong himself immediately came forward and declared that he was the official, and that the company was Cordex Petroleums. Intriguingly, other investors in the company included CSL Group Inc., the holding company controlled by Paul Martin (which was at that time being managed in trust). Cordex's directors included Bill Hopper, the ousted former head of Petro-Canada, the state oil company of which Mr. Strong was the founding chairman and CEO.
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"The money was lost"
Heeeeehahheehaaa Donkey bray...
Lost? "Stolen" is the translation. (Derrida would be proud).
Mo stranger & mo stranger & mo....
Henne Strange has to pay for the 150,000 acres they bought at Baca Ranch, Colorado. Every day is Earth day for Mo & Payola & .... Earth holds Oil, cocaine of the Middle East, dontcha know?
Payola's song for Mo: Oh, mein PaPa, to me you were so oneworlderfull, (C Sharp Majority)..
Posted by: maz2 at April 23, 2005 10:40 AMSo, Cordex failed soon after Park invested in it.
That's cuz the money flowed out of the conduit into the hands of those who were being bribed.
Posted by: Texan at April 23, 2005 10:54 AMAnyone interested in exploring this in a bit more detail, follow the links in the comments, starting here. I really enjoyed stumbling on the Enron/Grand Caymen bit. Nice touch.
Posted by: BrightLeaf at April 23, 2005 12:05 PMAdscam...
Earnscliffe...
Oil-for-food...
(Gun Registry?)...
For those of you wondering about how to make your way (fortune) in life, we offer a new course entitled:
"Socialism as Entrepreneurship 101"
Business Plan:
1) Dupe gullible electorate into paying exorbitant taxes under the guise that monies will be applied to "social progams" to enhance the welfare of all.
2) Skim huge amounts of $$$ from #1 to yourself and your cronies.
3) Set up offshore businesses and accounts to shield your profits obtained from #2 from taxes you imposed on everyone else in #1.
Motto: 'We earn money the old-fashioned way: we steal it'.
Got it?
Not quite? Well if you will just wait for Gomery to finish, we will give you some more 'practical examples' of how it works.
Posted by: oltx at April 23, 2005 12:06 PMMartin Family Holdings:
http://www.bloc.org/archivage/organigramme.pdf
In French.
Note: Cordex US. ????????
Posted by: maz2 at April 23, 2005 9:04 PMPaul Martin:
Public Declaration of Declarable Assets
http://www.cbc.ca/disclosure/archives/030401_csl/documents/assets.pdf
Of interest: Lansdowne Integrated Systems Inc. (Consulting); Baca Petroleum Corp.
Baca ???? where have we seen that name?
"those who were being bribed."
The wise old owl hoots: Who whoo whoo?