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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
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To: muggs
bump
141 posted on 03/23/2002 8:17:25 AM PST by timestax
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To: Bayou City
bump to the top
142 posted on 03/23/2002 9:32:54 AM PST by timestax
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To: Black Jade
Ping!
143 posted on 03/23/2002 9:23:15 PM PST by mafree
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To: MamaLucci
I think the democrats BANKED on Algore winning.
Yeah, you're right! Out go the lights, the party's over.
144 posted on 03/25/2002 8:08:36 AM PST by philman_36
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To: timestax
BTTT!
145 posted on 03/29/2002 9:37:30 PM PST by Bayou City
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To: MamaLucci
bump
146 posted on 03/29/2002 9:54:42 PM PST by timestax
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To: Bayou City
Bump!
147 posted on 05/08/2002 9:00:34 PM PDT by Bayou City
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To: Grampa Dave
Ping!
148 posted on 07/16/2002 10:02:39 PM PDT by Bayou City
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To: princess leah
"...it ought to be shouted that "KICKBACKS are the DNC's middle name"!

Yep...MUD

149 posted on 07/20/2002 9:44:27 AM PDT by Mudboy Slim
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To: Bayou City; Elle Bee
"Push this"

"Agree, this needs to be hammered!"

Yep...from here 'til November!!!

FReegards...MUD

150 posted on 07/20/2002 9:46:15 AM PDT by Mudboy Slim
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To: Cyber-Band
"FWIW...The Righteous Shall Triumph!!"
(To be sung to Buffalo Springfield's "For What It's Worth")

There's somethin' happenin' here...it ain't Right...Vile Left, they Rule by Fear!!
ATF men in a tank over there, slaughterin' kids whilst they knelt in prayer!!
It's high time we INDICT T-Mac...PUNK Dem's Clown!!
DNC Chairman...who killed Ron Brown?!!

There's bad men doin' Wrong...They'll win The Fight, unless the Right is Strong!!
Bold people must speak OUR minds...we're gettin' too much resistance from OUR side!!
It's time we ROUT Lib'rals, TRASH DemClowns!!
High time fer Justice to now Rebound!!

Clinton feels he can't be beat...Med'yuh Poltroons, they're Effete!!
Forgivin' wrongs, Press parrots Slick's LIES!! Most of them say, "Slick Willie's OUR GUY!!"
It's time we STOP DemRATS...Stop DemClowns!!
Big Guv'ment's shakin' OUR Country down!!

Rev-o-lutions start slow...but Limbaugh's Legions shall grow!!
Evil Wins when the Good are afraid!! Step outta line...the time's come fer Right to hold sway!!
We shall INDICT T-Mac...Stop Left's Clown!!
All ya good FReepers, come help us out!!
We gotta STOP Clinton...Crush Slick's Crown!!
Ev'rybody help what's goin' down!!
We're gonna STOP Lib'rals...STOP DemClowns!!
Destroy Lib'ralism...let's do it NOW!!

Mudboy Slim...12/29/2001

151 posted on 07/20/2002 9:52:31 AM PDT by Mudboy Slim
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