Posted on 12/14/2007 8:08:56 AM PST by calcowgirl
Rudolph W. Giuliani’s consulting firm was hired in 2002 to help a Florida company build its business under a contract that called for Mr. Giuliani’s firm to be paid in part for lining up work with the federal government and other clients, company records show.
Federal law prohibits payment of a commission in return for a federal contract...
The deal between the firm and the contractor, Seisint of Boca Raton, was signed with the expectation that Mr. Giuliani’s high profile and connections would help the start-up company obtain federal contracts as well as nongovernment work, said Michael Brauser, co-founder of Seisint and once a major shareholder.
... “They were being compensated on a success basis. If they bought us to Company X, and Company X hires us or a government agency hires us and we receive fees, they would be compensated.”
A spokesman for the Giuliani firm disputed the suggestion that it had earned commissions for securing federal contracts. Giuliani Partners was paid bonuses, not commissions, by Seisint based on the overall growth of Seisint sales, not any particular contracts, said Daniel Connolly, a Giuliani Partners executive.
The assertion the firm may have skirted federal contracting rules was first raised in an article on Thursday on the Time magazine Web site. The firm’s reliance on commissions as part of its compensation from Seisint seems to be bolstered by a copy of the minutes of the Seisint board meeting from December 2002, when it hired Giuliani Partners.
The minutes cite a contract based on a finder’s fee, saying the $2 million-a-year deal was premised on payments “on commissions to be earned for sales generated by Giuliani Partners.”
Six months after Seisint hired the firm, the Homeland Security Department gave an $8 million grant ...
(Excerpt) Read more at nytimes.com ...
Ooops.
Poor ole Rooty is probably sittin’ in a skid row bar and wondering why all those snowbirds in Florida have forsaken him for the Hickster.
LOL!
http://www.time.com/time/politics/article/0,8599,1694093,00.html
Not long after he stepped down as mayor of New York City, Rudy Giuliani received an intriguing offer. A group of officials from a Florida company called Seisint Inc. asked him to promote a powerful new database technology capable of tracking potential terrorists and other criminals. Their timing was perfect. Giuliani had just opened Giuliani Partners (GP), a consulting shop that planned to specialize in helping companies like Seisint grow. “Nobody knew us; everybody knew him,” says Michael Brauser, a major shareholder who negotiated the December 2002 contract between GP and the Boca Raton-based firm. “It was an unbelievable fit.”
For Giuliani’s new company, it was a remarkably profitable fit too. GP pulled in more than $30 million for just one year’s work on Seisint’s behalf, company records show. ...
...
A GP official who refused to be named insists that the firm never received “commissions” from Seisint — despite what Brauser and Latham remember and despite the fact that payments to GP are labeled “commissions” in both the minutes of a Seisint board meeting and a key financial statement. Instead, says the official, GP earned “special bonuses” based on the achievement of corporate “milestones.” Another problem: Seisint CEO Asher had a shady past. After the statute of limitations made his crimes unprosecutable, he admitted to having been a cocaine smuggler in the 1980s. He stepped down from Seisint’s board in August 2003. Giuliani told Vanity Fair in 2004 that Asher’s “mistakes are way behind him.” ...
I’m sure the Times is running this now out of concern for government integrity, and not to injure the candidacy of someone who might prove an obstacle to the Dems in 08. /sarc
BTT!
Yep, the RG hysteria on the Right and the Left, has born.......a saint.
Say hello to the GOP nominee.
Huck.
LOL, hilarious!
(Sniffle) But, but....Rooty is a high-paid global security expert.
How could he have known Federal law prohibits payment of a commission in return for a federal contract?
I tell ya, I’m all broke up about it (sob).
Lots of people seem to have worked to make Rudy very rich in a hurry. News reports say that Rudy met Asher in 2002. But Kenneth Langone, head of Rudy’s Leadership PAC, knew Asher at least as early as 1996 when Langone invested in Database Technologies (Asher’s company). Langone then hooked DBT up with a merger with Patlex Corp (of which Asher was also a major investor). Langone and Asher made millions on Patlex (and DBT), as did another major shareholder—George Soros.
Gosh, Giuliani is so tolerant and compassionate.
Like when Rudy had to deal with one of those horrid questions about whether or not his presidential administration will be more transparent (re his funding his mistress' security detail by billing obscure city agencies to hide it from public view).......
Poor Tooty---good thing he has the answer memorized and is able to repeat it by heart, even in his sleep..........and I quote.
"I'm just a great 9/11 guy who made a lot of mistakes but everything was revealed and transparent in my hugely successful 9/11 mayoralty where I slashed taxes, crime, squeegee men and litter 9/11."
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