Posted on 07/10/2002 2:31:48 PM PDT by Registered
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| Larry Klayman, chairman and general council of Judicial Watch, holds a news conference on suit filed against Vice President Dick Cheney in Miami Wednesday, July 10, 2002. The group said it was suing Cheney and Halliburton Co., the oil services company he ran for five years, alleging fraudulent accounting practices at the company. (AP Photo/Hillery Smith Garrison) |
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| Larry Klayman, chairman and general counsel of Judicial Watch, holds a news conference in Miami to announce that Judicial Watch has filed a lawsuit against Vice President Dick Cheney Wednesday, July 10, 2002. The group said it was suing Cheney and Halliburton Co., the oil services company he ran for five years, alleging fraudulent accounting practices at the company. (AP Photo/Hillery Smith Garrison) |
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| Larry Klayman, chairman and general counsel of Judicial Watch, holds a news conference on a suit filed against Vice President Dick Cheney in Miami Wednesday, July 10, 2002. The group is suing Cheney and Halliburton Co., the oil services company he ran for five years, alleging fraudulent accounting practices at the company. (AP Photo/Hillery Smith Garrison) |
Since FR has long since spotted his scam even while he was pursuing Clinton I say we just ignore him while encouraging the libs and press to waste their time and money on him.
Is it the background music to Jaws ?
In the NYTimes on May 22, 2002, in an investigative report, certain allegations surfaced concerning Halliburton's accounting treatment of construction job claims and change orders which are negotiated with customers.I'm going to try and search FR archives for this article.Prior to 1998 and the merger with Dresser, the company did not record such items in revenue or accounts receivable before they were resolved with the customer.
The company disclosed in its Form 10-K for 1998 that it had recorded losses on certain engineering and construction projects related to current year claims and change orders which it did not feel would be accepted by customers.
Furthermore, in instances where unapproved claims and change orders were recognized in revenue and accounts receivable, no profits at all were recognized on the related projects.
During 1998, the Company began to record such items in revenue and accounts receivable when the company expected such items to be collectible from the customer.
The company has continued this accounting treatment of similar items since 1998 and has never recorded a profit on a job where an unapproved claim or change order has been recorded in revenue.
By Jove! That is rather flat, isn't it? Poor chap.
Would you look at post #12 and elucidate for us what that all means? Thanks.
Well, maybe Registered can give Larry what Nature didn't. :D
Here is the problem, income for a year on a job that takes 5 years to finish must be estimated. How much of the job was finished in any one year ? How much in profits must be realized.
Bush better watch his back. Russ Verney the axe man for Ross Perot did his deed on Pat Buchanan during the last election. Verney now works for Klayman as his Southwest Regional Director.
I wonder why the media photographer is under his desk?
Because he's accusing a conservative.
1. The company feels the change better reflects its true finances, or
2. It's playing games with the books..... Also, all companies, to some extent, try to smooth out earnings to avoid violent gyrations. This is done by manipulating the books to some extent, but isn't necessarily bad..
Look, simplistic example..lets say that that each year for the last 10 years, XYZ corp had sales to its one customer of $1,000,000 each year. Nice steady business. Each year it signed a new contract, and everything is OK. However, let's assume that forwhatever reasons, in 5 of those 10 years, there was a short delay in signing the contract with the one customer, because the president of that company went on a cruise every two years, and got back 30 days later, after XYZ had closed its books for the year.....XYZ's books would have then reflected sales of $2 million in years 1,3,5,7,9, and sales of ZERO in years 2,4,6,8,and 10...esentially nothing has changed, yet the financial numbers look all over the place.....
Something in black leather with metal studs, maybe.
His ego is beginning to show more and more with the issues that he "fronts," and, idealogy and conservatism have nothing to do with this man whose moral bankruptcy is being filed each day with each new lawsuit.
It ain't gonna happen. Judicial Watch is all about making money. Back in the Clintoon days, I was on their mailing list. They had obviously obtained the names of certified Clinton-Haters and sent out regular solicitations for donations. They were suing the Clinton Administration for this and for that and claiming to be uncovering all kinds of dirt. (Actually, none of their suits ever amounted to a hill of beans.) Fortunately, I never gave them any money.
Now, they have gotten the names of the Bush-Haters and here come the mail-outs asking for donations so JW can prove what crooks Bush and Cheney are. It's all a big joke, and klayman is raking in the dough.
The only difference is that when Klayman was attacking Clinton, he was either ignored by the press or depicted as a right-wing nut. Now, Judicial is a respected, non-partisan "Watchdog" group according to current press reports.
| Yahoo! News Story Matches | 1 - 20 of 27 | Next 7 > |
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Suit Claims Fraud by Cheney, Oil Co. (AP)
..." said Larry Klayman, chairman and general counsel of Judicial Watch, a nonpartisan group based in Washington....
- Jul 10 4:44 PM ET
Watchdog group sues Vice President Dick Cheney, Halliburton Co., alleging accounting fraud (AP)
..." said Larry Klayman, chairman and general counsel of Judicial Watch, a nonpartisan group based in Washington....
- Jul 10 4:49 PM ET
Group called Judicial Watch sues Vice President Cheney, Halliburton, alleging accounting fraud (AP)
..." said Larry Klayman, chairman and general counsel of Judicial Watch....
- Jul 10 3:04 PM ET
Cheney, Oil Co. Face Fraud Suit (AP)
..." said Larry Klayman, chairman and general counsel of Judicial Watch....
- Jul 10 1:23 PM ET
Group sues Vice President Cheney, Halliburton, alleging accounting fraud (AP)
..." said Larry Klayman, chairman and general counsel of Judicial Watch....
- Jul 10 11:59 AM ET
Group suing Vice President Cheney, Halliburton, alleging accounting fraud (AP)
..." said Larry Klayman, chairman and general counsel of Judicial Watch....
- Jul 10 12:02 PM ET
Group Sues Cheney, Halliburton over Accounting (Reuters)
..." Larry Klayman, chairman of the Washington-based Judicial Watch, told reporters in Miami,...
- Jul 10 11:01 AM ET
Judicial Watch suing Vice President Cheney, Halliburton, alleging accounting fraud (AP)
..." Judicial Watch chairman and general counsel Larry Klayman said Tuesday night in Miami....
- Jul 10 6:58 AM ET
D.C. Group to Sue Cheney, Oil Co. (AP)
..." Judicial Watch chairman and general counsel Larry Klayman said Tuesday night in Miami....
- Jul 10 4:04 AM ET
Group Plans to Sue VP Dick Cheney (AP)
..." Judicial Watch chairman and general counsel Larry Klayman said Tuesday night in Miami....
- Jul 10 2:54 AM ET
Judicial Watch plans to sue Vice President Dick Cheney, Halliburton, alleging accounting fraud (AP)
..." Judicial Watch chairman and general counsel Larry Klayman said Tuesday night in Miami....
- Jul 09 11:54 PM ET
Watch Group to File Suit Vs. Cheney (AP)
..." Judicial Watch chairman and general counsel Larry Klayman said Tuesday night in Miami....
- Jul 09 11:10 PM ET
Judicial Watch to Sue Cheney, Halliburton (Reuters)
..." Larry Klayman, chairman and general counsel at Judicial Watch, said in a statement....
- Jul 09 11:12 PM ET
Well, it's not working; he took in almost 25 million in 2000 and he only took in 15 million in 2001. Wonder why????
Nah! They're not biased a bit!
Larry and David: Soulmates
Let me once again state that I do not believe Cheney is guilty of any wrong-doing. What I want to know is how important this suit is to these plaintiffs in comparison to their nation's winning the war. And how did someone from Indiana and someone from New Mexico get hooked up with Klaymamn, anyway?
I have LOTS of questions, as you can see!
He's going to get plenty of money if he goes after the "right" person and he knows it. The sad part is that he's going to get more press on this than he deserves.
My first thoughts as well. I was loosing respect for Larry in the past but now I can say it is gone.
Klayman archives ALL articles about him in the press. You'll see there aren't many at ALL until 2001 or so.
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