Bush's younger brother quizzed over $2m deal (Neil Bush)

Reuters ^ | 11/26/2003 | reuters

[DeepInEnemyTerritory]

Neil Bush, younger brother of US President George W. Bush, detailed lucrative business deals and admitted to engaging in sex romps with women in Asia in a deposition taken in March as part of his divorce from now ex-wife Sharon Bush.

According to legal documents disclosed today, Sharon Bush's lawyers questioned Neil Bush closely about the deals, especially a contract with Grace Semiconductor Manufacturing Corp., a firm backed by Jiang Mianheng, the son of former Chinese President Jiang Zemin, that would pay him $US2 million ($A2.79 million) in stock over five years.

Marshall Davis Brown, lawyer for Sharon Bush, expressed bewilderment at why Grace would want Bush and at such a high price since he knew little about the semiconductor business.

"You have absolutely no educational background in semiconductors do you?" asked Brown in the March 4 deposition, which was seen by Reuters.

"That's correct," Bush, 48, responded.

"And you have absolutely over the last 10, 15, 20 years not a lot of demonstrable business experience that would bring about a company investing $US2 million ($A2.79 million) in you?"

"I personally would object to the assumption that they're investing $2 million in me," said Bush, who went on to explain that he knew a lot about business and had been working in Asia for years.

Bush, who signed the Grace deal in August 2002, said he had not yet received any stock from the company, which built a plant in Shanghai that began production in September.

He is supposed to consult for the company and be on the board of directors, he said.

He said he joined the Grace board at the request of Winston Wong, a co-founder of the company and the son of Wang Yung-ching, the chairman of Taiwan's largest business group, Formosa Plastics Corp.

Bush never mentioned Jiang Mianheng in the deposition.

Wong, he said, also is an investor in his latest venture, Ignite!, an Austin, Texas, educational software firm.

Brown questioned Bush about numerous other business ventures that paid him well to be a consultant and fundraiser, and, in at least one case, for little work.

Bush said he was co-chairman of Crest Investment Corporation, but worked only an average of three to four hours a week.

For that, he received $US15,000 ($A20,940) every three months.

Bush said he provided Crest "miscellaneous consulting services".

"Such as?" asked Brown.

"Such as answering phone calls when Jamail Daniel, the other co-chairman, called and asked for advice," Bush said.

"Well, you're not an economist are you?"

"Part of my degree is in international economics, but I wouldn't consider myself an economist, no," Bush told him.

Bush did not return calls to his Ignite! office and his divorce lawyer, Rick Flowers, was not available for comment.

The Bush divorce, completed in April, was prompted in part by Bush's relationship with another woman.

He admitted in the deposition that he previously had sex with several other women while on trips to Thailand and Hong Kong at least five years ago.

The women, he said, simply knocked on the door of his hotel room, entered and engaged in sex with him.

He said he did not know if they were prostitutes because they never asked for money and he did not pay them.

"Mr Bush, you have to admit it's a pretty remarkable thing for a man just to go to a hotel room door and open it and have a woman standing there and have sex with her," Brown said.

"It was very unusual," Bush said.

Even though the Bush divorce is final, legal problems continue.

Sharon Bush has been sued by Robert Andrews, the former husband of Neil Bush's girlfriend, Maria Andrews, for allegedly charging that the Andrews' 2-year-old son, was fathered by Bush, not Andrews.

Bush this week gave a DNA sample at the request of his ex-wife, but it is not clear when it will be tested, her lawyer, David Berg, said today

[DeepInEnemyTerritory]

I searched before I posted this, I hope it is not a duplicate.

If this story is true, Neil Bush sounds like a dog.

[RLK]

Marshall Davis Brown, lawyer for Sharon Bush, expressed bewilderment at why Grace would want Bush and at such a high price since he knew little about the semiconductor business. "You have absolutely no educational background in semiconductors do you?" asked Brown in the March 4 deposition, which was seen by Reuters. "That's correct," Bush, 48, responded.

"And you have absolutely over the last 10, 15, 20 years not a lot of demonstrable business experience that would bring about a company investing $US2 million ($A2.79 million) in you?"

------------------------

He's peddeling family influence. That's the way the Bush family has made a living for the last 50 or more years. George W. was on the board of directors of multiple corporations without any background or responsibilities at all. Do a search on Carlyle to verify his record. Neil is also geting paid an additional $400,000 from China in another deal.

[AmericanVictory]

and admitted to engaging in sex romps with women in Asia

Guess he didn't listen to the Reverend Jackson.
Must have some other spiritual advisor.

[Liberandos]

Does he play in a band, or maybe have his own beer label?

Liberandos

[Coroner]

Meanwhile Terry Mcauliffe skates away with his 18 million Global Crossing profit!!

[Waco]

Meanwhile, back at the klinton ranch,,DAS VERBOTEN! DAS VERBOTEN! Move on!

[Gracey]

Are you jealous???

[futureceo31]

As they say in Business 101, its not "WHAT" you know, its "WHO" you know. 2 Million is not a lot of money considering Democrats made away with tens of millions of dollars during the Clinton years. If I was in Neil's shoes, I would have demanded a lot more being the president's brother.

[Sabertooth]

If this story is true, Neil Bush sounds like a dog.

Woof.

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[nopardons]

You hate, loathe, and abominate the Bushes. You also don't know how the world works. People, from well connected familes, in all fields, get " perks " such as being placed on boards.

Your enimity, abject lack of understanding, jealousy, and Heapishness, is beyond contempt.

[DeepInEnemyTerritory]

Errrr... I guess this has been posted once or twice. Barbara Bush needs to take Neil to the woodshed. George HW and Barbara did a great job with GW and Jeb. I guess there is one scumbag in almost every family.

[RLK]

You hate, loathe, and abominate the Bushes.

----------------------

I don't deny it. I have good reason to do so.

Unlike many here, I don't have double standards. When Hillary scored $100,000 on the commodities exchange people here howled to the heavens about influence peddaling and whatever terms they could draw upon --as they should have. When a Bush does the equivalent for far more money you vilify anyone not excusing it. Does the concept of moral and intellectual consistency mean anything to you?

[stilts]

This is extremely inappropriate and disconcerting. The Chinese paid Neil 2 million because he is the Presidents brother and for no other reason. They are trying to buy influence and 2 million is a lot of money. The Chinese have too much influence already in America for OUR President's brother to be accepting this kind of dough. This is something right out of Clinton's book.

[nopardons]

Well, that explains a lot. You don't know anything at all, not even a tiny bit, about what happened with those cattle futures. That WAS a scam and a well known one. The person, Red Bone, who pulled that off, was not only a well known scam artist, but one who had done that trick before and had been punished for it. And he was punished even MORE harshly ( as in thrown off the trading floor FOREVER, forbidden to ever trade again,fined, and put in jail! )for than bit.

The two are about as different ( Neil's sweetheart deal and Hiltelry's ILLEGAL gain and no, the SEC doesn't punish anyone other than the exicutor of the scam ) as night from day, right from wrong, left from right,etc., as one can get.

You have NO valid reasons; all you have is emotionalism and blind hatred.

[RLK]

The two million is only the part tangent to the divorce. From the accounts I've been reading, to total for separate deals to sell us on mainland China is about 6.4 mil. I doubt if anyone will even be able to track the total.

[RLK]

You're funny.

[nopardons]

And intelligent and far more knowledgeable than you. :-)

[america-rules]

"If this story is true, Neil Bush sounds like a dog. "

He's an average American !

[RLK]

And intelligent and far more knowledgeable than you. :-)

---------------------

Who tested it? You?

[nopardons]

Unlike you, who only imagines he knows it all, no, dear. Besides being patently obvious, that I know far more than you do, especially about the cattle futures thing, I have indeed been tested and tested ... and yes, I am intelligent. :-)

You're only upset, because the facts are there and you lost this round more than badly. LOL