Politicians Return Enron Donations Ahead of Finger Pointing

I don't know if Pinnacle Towers in Sarasota is related in any way to the Pinnacle you linked to, I haven't spent a lot of time tracing Pinnacle and if it is a subsidiary or entity owned or controlled by another larger entity.

The name Pinnacle seems to create a lot of diverse hits on the internet search as being a fairly common business name, so if there is a relationship between them I really don't know.

My primary focus on Pinnacle is their $325 million IPO and an estimated $9/10 million ( I have a copy of the wire transfer)paid to a Mark Sapperstein,(personally)in late 1997 for certain of his business,entities, Shore Communications, West Shore etc. listed in the Pinnacle Towers prospectus.

Sapperstein filed an affidavit with a federal court in West Palm Beach, FL. in early 1998 claiming he had never engaged in any type of business activity in Florida, I guess Mark simply forgot all about that $9/10 million that Pinnacle paid to him personally only a couple of months earlier.

With money made from the Pinnacle Towers transaction Sapperstein and a Mike Miesel (sp) bought controlling interest in the Maryland Permanent Bank early Spring 1998.

By Dec.2001 both Sapperstein & Miesel were forced by the FDIC to sign a Cease & Desist Order concerning the questionable banking practices they were engaging in at Maryland Permanent.

Here is a portion of the SEC investigation into Pinnacle Towers SEC Investigation, Pinnacle

Here is another article on the FDIC Cease & Desist Order issued on the Maryland Permanent Bank controlled by Mark Sapperstein and Mike Miesel. (I also have some of the documents that Sapperstein was allegedly falsifying in bank transactions.) Maryland Permanent Bank

There was an FDIC Cease & Desist Order that was actually signed by both Mark Sapperstein & Mike Miesel posted on the internet but, I can't find it now.

``We know that there was a favorable climate in the Bush administration for Enron, but what's not clear is how they benefited from that favorable climate,'' said Karen Lightfoot, a spokeswoman for Waxman.
Investigations

Enron, once one largest energy traders, slid toward bankruptcy in November after disclosing that profits it had reported to shareholders and the government during the past four years were overstated by $586 million. The company's shares, which began the year at $83.13, closed yesterday at 60 cents.

How do they explain that the Bush administration helped Enron?

..."The Democrats from day one have tried to politicize energy,'' Vice President Richard Cheney's spokeswoman, Mary Matalin, said. ``This is just more of the same.'' ">...

Oh,sheet, people......we heard this same BS just a few short years ago.....it went something like this, "The Republicans from day one have hated President Clinton and this talk of impeachment is just trying to politicize SEX", President Bill Clinton's spokesperson, Mike McCurry, said.

Amazing how the horse pockey just keeps getting tossed back and forth between these two prostituted entities, the Demicans and Republocrats! They only care about their own arses; the Country can go to hell as they play their little came of Charades.

One has only to look at the so-called Campaign Finance hearings held by Senator Fred Thompson, R-TN.....those sure came to a screeching halt when the possibility of real evidence against both parties was about to surface!

Get ready for Enron--Campaign Finance Reform II.

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