Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

A Link To Global Crossing, Terry McAuliffe and AFL-CIO
SEC Edgar ^ | 02/09/02 | Myself

Posted on 02/09/2002 3:03:05 PM PST by Bayou City

SEC Edgar

From SEC Edgar on line form S-1/A filed on 07/23/1998

Page 53
BENEFICIAL OWNERSHIP OF COMMON STOCK

MRCo, Inc. (4).................... 16,959,462
111 Massachusetts Avenue NW
Washington, DC 20001

Michael R. Steed(19).............. 16,974,462

Note 19 on Page 54

Includes all shares of Common Stock owned by MRCo, Inc. Mr. Steed is the Senior Vice President of ULLICO and the President of MRCo, Inc., which is a wholly-owned subsidiary of ULLICO. Includes 15,000 shares of Common Stock issuable upon the exercise of options within 60 days of July 13, 1998. Includes 368,353 shares of Common Stock issuable upon the exercise of GCL Warrants.

Now for the connection... Laborers.org

Kheel and McAuliffe Raise Some Money

News reports that labor lawyer Theodore Kheel gave $20,000 in illegal cash to Carey’s 1996 campaign were easy to overlook for those not familiar with who he is or his long role in labor relations. Cornell University has a new facility at its famous Industrial and Labor Relations School and it is named after the generous Kheel. Probably the finest labor relations training institution in the country, the Cornell school was founded by Irving Ives, a respected labor expert and patrician Republican who served on the Senate Labor Rackets Committee with Arkansas Democrat John McClellan. Ives, with then-Senator John F. Kennedy, sponsored the labor reform legislation that became the great investigation’s legacy.

In 1995, Kheel played a major role arranging the sale of the AFL-CIO’s "affinity credit card" from the Bank of New York to Household Finance. The sale brought over $35 million to the AFL-CIO, which gave it the liquidity to pump over $30 million into the Democratic Party’s 1996 congressional campaigns. Kheel brokered the deal with Democratic fundraiser Terry McAuliffe. In 1992, Kheel had convinced the newly elected Carey to endorse the credit card program. Carey delivered 1.5 million Teamsters who previously had not participated in the program. Kheel profited handsomely, from the new Teamsters in the credit card program, and he subsequently contributed the $20,000 to Carey’s 1996 Teamsters reelection bid.

McAuliffe, chairman of a record-breaking Democratic fundraiser in May and chairman of recent Democratic convention in Los Angeles, has long been associated with organized labor. In addition to his work on the Union Privileges "affinity" credit card, McAuliffe has had a major role handling investments for the AFL-CIO Union Labor Life Insurance Company (ULLICO). But while he may be welcome at AFL-CIO headquarters, he is reportedly persona non grata at the International Brotherhood of Electrical Workers (IBEW). McAuliffe-related businesses borrowed millions of dollars in loans over the years from the Electrical Workers Pension Plan for a series of business ventures, many of which he defaulted on. The loans themselves were highly favorable to McAuliffe, and there is evidence that the former Electrical Workers secretary-treasurer who made these loans was himself in business dealings with McAuliffe. Labor rackets investigators have been looking into the underlying transactions, and the trustees of the plan have been sued for their negligence in making these imprudent loans. The transactions scream ‘kickbacks’ to any experienced labor rackets investigator, but the probe remains stalled.


TOPICS: Crime/Corruption; Front Page News; News/Current Events
KEYWORDS: clintonscandals; globalcrossing
Navigation: use the links below to view more comments.
first previous 1-20 ... 81-100101-120121-140141-151 next last
To: Bayou City
"I forgot to mention that McAuliffe's name was nowhere to be found on the insider list. Kinda makes one wonder what he's trying to hide."

My best guess is a connection/board position of ULLICO? Part of the 'investment advisory team' that got ULLICO the pre-opening shares on which to make their 'killing'.

101 posted on 02/10/2002 10:13:17 PM PST by d14truth
[ Post Reply | Private Reply | To 64 | View Replies]

To: Bayou City
It's right here in the 'body' of your post. I knew I had seen it.
102 posted on 02/10/2002 10:26:30 PM PST by d14truth
[ Post Reply | Private Reply | To 101 | View Replies]

To: Liz;PhiKapMom;Brian Mosely
ULLICO?, Terry McAuliffe, and the 'Global (Double) Crossing' finder's fee?

RICO?

103 posted on 02/11/2002 8:14:01 AM PST by d14truth
[ Post Reply | Private Reply | To 102 | View Replies]

To: Bayou City
Thanks bump!

Bush is clean.

104 posted on 02/11/2002 9:12:08 AM PST by MeekOneGOP
[ Post Reply | Private Reply | To 93 | View Replies]

To: d14truth
ULLICO?, Terry McAuliffe, and the 'Global (Double) Crossing' finder's fee?

RICO?

You nailed it......RICO it is......

105 posted on 02/11/2002 10:06:06 AM PST by Liz
[ Post Reply | Private Reply | To 103 | View Replies]

To: terilyn
Here's some email addresses at DOJ who should receive this information also:

michael.horowitz@usdoj.gov,
joseph.gangloff@usdoj.gov,
lee.radek@usdoj.gov,
askdoj@usdoj.gov }

106 posted on 02/11/2002 10:18:28 AM PST by Elkiejg
[ Post Reply | Private Reply | To 22 | View Replies]

To: Bayou City
LOOK here for more Global Crossing info
107 posted on 02/11/2002 11:17:50 AM PST by Elkiejg
[ Post Reply | Private Reply | To 1 | View Replies]

To: Elkiejg
Thanks!
108 posted on 02/11/2002 9:21:54 PM PST by Bayou City
[ Post Reply | Private Reply | To 107 | View Replies]

To: Bayou City
You have mail.
109 posted on 02/11/2002 9:39:15 PM PST by n-tres-ted
[ Post Reply | Private Reply | To 108 | View Replies]

To: n-tres-ted
Bump!
110 posted on 02/12/2002 9:22:35 PM PST by Bayou City
[ Post Reply | Private Reply | To 109 | View Replies]

To: CPT Clay
Best I can see is that they bailed in 1999.
111 posted on 02/12/2002 9:55:32 PM PST by Bayou City
[ Post Reply | Private Reply | To 70 | View Replies]

To: Bayou City
What a cooincidence.
112 posted on 02/13/2002 4:59:08 AM PST by CPT Clay
[ Post Reply | Private Reply | To 111 | View Replies]

To: hgro
See reply #64. You're right. McAuliffe is not a trader. A trader takes risks. McAuliffe is a salesman, and once ULLICO signed on with Global Crossing, McAuliffe received his commission.
113 posted on 02/13/2002 11:46:28 AM PST by d14truth
[ Post Reply | Private Reply | To 64 | View Replies]

Comment #114 Removed by Moderator

Comment #115 Removed by Moderator

To: d14truth; Elle Bee
"ULLICO?, Terry McAuliffe, and the 'Global (Double) Crossing' finder's fee? RICO?"

Yep...if this ain't racketeering, then there shouldn't be a RICO Statute!!

SHEEEESH...MUD

116 posted on 02/16/2002 8:43:40 PM PST by Mudboy Slim
[ Post Reply | Private Reply | To 103 | View Replies]

To: Black Jade
bump.
117 posted on 02/17/2002 2:50:10 PM PST by mafree
[ Post Reply | Private Reply | To 114 | View Replies]

Comment #118 Removed by Moderator

To: Elle Bee
See reply #60. Over $300 million gain on the 'opening bell'.
119 posted on 02/24/2002 4:02:51 PM PST by d14truth
[ Post Reply | Private Reply | To 60 | View Replies]

To: coosamtn;hchutch;Fish out of Water
Start for the Global (Double) Crossing
120 posted on 03/13/2002 2:49:59 PM PST by d14truth
[ Post Reply | Private Reply | To 64 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 81-100101-120121-140141-151 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson