Posted on 02/09/2002 3:03:05 PM PST by Bayou City
12/04/97 MRCO Meridian National Corporation Insufficient Cap & Surplus; Bid Price Below Min
12/04/97 MRCOP Meridian National Corporation $.375 Cv Pfd B Insufficient Cap & Surplus; Bid Price Below Min
12/04/97 MRCOZ Meridian National Corporation Wts 6/22/99 Insufficient Cap & Surplus; Bid Price Below Min
"As we begin this new millennium, I do so with a renewed commitment to our mission to support the organized men and women of America and those who lead them. It is natural to begin this report by calling attention to the 164 percent increase in stockholders' equity. As we reported last year, the gain in equity is in large part due to the investment in Global Crossing Ltd. Our original stake of $7.6 million in that company has increased many times over, accounting for combined after-tax realized and unrealized gains of more than $1 billion at year-end."
******
"....many times over...."???
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FYI, there's more about this rogue's gallery of unindicted criminal co-conspirators here:
Martin David was indicted and pleaded out (along with SDSer Michael Ansera & Jer Nash) in the same teamster-DNC embezzlements
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why do I find unsettling the image of Ken Lay, Martin Davis and Terry McAuliffe all together in Aspen ?
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Terry invests $100k (or the net amount after a shrewd $1K cattle futures position) then advised his institutional investors to pile on ...... Terry makes $18 millions
Do the others in the IPO get hosed or are they tipped to take the money and run??
I don't know if it's unlawful .... but it stinks to hell
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Some of the others are also gone.
Ted Kheel or Martin Davis surface?
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this one was Boilerplate Whitewater ~ right down to the straw-man father-in -law
By September it was revealed that Terry had underwritten the Clinton Mortgage in NY ~ the case seems to have died
ELECTRICAL WORKERS (IBEW)
DOL Sues Union Fund Tied to Clinton-Crony McAuliffe
The U.S. Dep't of Labor filed suit May 5 against two trustees of the $8.3 billion Nat. Electrical Benefit Fund charging improper dealings between the fund and top Clinton-fundraiser Terence R. McAuliffe. According to DOL, NEBF trustee John Grau and ex-trustee Jack F. Moore imprudently lent over $6 million in pension assets. NEBF is operated jointly by the Int'l Bhd. of Electrical Workers, from which Moore retired as secretary in 1997, and the Nat. Electrical Contractors Ass'n, of which Grau is a vice president.
The scam involved a $6 million loan in 1992 to Columbia Land & Development Corp. of Orlando to buy a subdivision called Country Run which was to be developed into 545 lots. McAuliffe and his wife, Dorothy S. McAuliffe, own Columbia. The loan was in default from Dec. 1992 to Oct. 1997. DOL says NEBF should have known the loan couldn't be repaid in full with interest. The suit seeks the trustees to reimburse the fund for losses, including interest.
The McAuliffes also own Am. Capitol Management, a partner with NEBF in a separate investment called Am. Capitol Group I Assets LP, which guaranteed payment of the Columbia loan. In a separate 1991 investment, NEBF paid $38.7 million to buy five apartment complexes and a shopping center near St. Petersburg. The partnership bought the properties from the Resolution Trust Corp., which had taken control of them from a bank in receivership that had been owned by McAuliffe's father-in-law.
DOL alleges NEBF imprudently purchased a $2.45 million interests in ACGIA, a move that reduced the value of the ACM guarantee on the Columbia loan. McAuliffe's holdings in ACM had been collateral for the loan. The suit further alleges trustees made one of the purchases in the ACM partnership even though the Columbia loan was in default. The pension fund then reportedly sold its share of the partnership and the Columbia loan to ACM at a loss. [Pensions & Investments 5/17/99]
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. Same Clinton Judge who moved the Linda Tripp case:
Judge Rules In Favor Of Wilson In Civil Rights Commission Case
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I'm not sure, havn't seen them listed on any insider trader reports, but I don't think they are still represented on the board.
We need to keep posting and talking about this. Then as the FBI Investigation and SEC investigation starts indicting or preparing to indict many key DemonicRats, we will see massive early retirement by the Rats!
Behind closed doors, roll over deals will be made. We see a lot of key DemonicRats retiring from the Senate, the house, governorships, and as union scum bag (leaders) to spend more time with their families.
We will turn DemronGate around on them too. Demrongate will be a rabid pit dog that turns around and chews up its evil master. The evil master who tried to sic the pit bull on GW and the Repubies!
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