Skip to comments.Firm providing military absentee ballots for '04 sold to Saudis
Posted on 03/04/2003 10:04:38 AM PST by FastNBulbous
By Mark Harrington Election.com, a struggling Garden City start-up scheduled to provide online absentee ballots for U.S. military personnel in the 2004 federal election, has quietly sold controlling power to an investment group with ties to unnamed Saudi nationals, according to company correspondence.
Election.com Sold To Group Tied To Saudi Nationals
February 27, 2003
In a letter sent to a select group of well-heeled Election.com investors Jan. 21, the online voting and voter registration company disclosed that the investment group Osan Ltd. paid $1.2 million to acquire 20 million preferred shares to control 51.6 percent of the voting power.
In a Newsday interview in October, Charles Smith, a representative of Osan who sits on Election.com's board, declined to name the Saudi Arabian investors with a stake in the company, other than to say they were "passive and part of a larger group that included Americans and Europeans. Smith didn't return phone calls Wednesday.
A federal law enforcement official who follows election issues said he was surprised to hear about the ownership of Election.com, which is one of several contractors working on the online Federal Voting Assistance Program, primarily for overseas military personnel.
Concerns about the ownership stake were first raised following the September 2001 terrorist attacks. Smith at the time accused critics of unfairly focusing on the issue because the terrorists were Saudi.
Several shareholders of the company said they were surprised by the recent buyout and have asked for securities regulators to investigate.
By Mark Harrington
Election.com, a struggling Garden City start-up scheduled to provide online absentee ballots for U.S. military personnel in the 2004 federal election, has quietly sold controlling power to an investment group with ties to unnamed Saudi nationals, according to company correspondence.
(Excerpt) Read more at newsday.com ...
Let me quess .. Friends of the Clinton's
Would that group include Frogs, Krauts and DemonRATs?
I'm sorry for how prejudicial this sounds, but I don't want nationals from Saudi, whos' FELLOW nationals attacked the WTC and Pentagon on 9/11 to have ANYTHING TO DO WITH AMERICAN ELECTIONS!! That Saudi prince blamed the US for 9/11! They hold benefits for terrorists!
Can't we do anything about this. I find it flat out scary!
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