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TheNutcracker

(2,104 posts)
Wed Jul 8, 2015, 10:44 PM Jul 2015

Jeb Bush's Nigerian Bribery Scandal Is Back in Court - Just in time!

http://www.miaminewtimes.com/news/jeb-bushs-nigerian-bribery-scandal-is-back-in-court-6558282

I've been sitting on this just waiting........

By Tim Elfrink

Friday, July 12, 2013 | 2 years ago

Just in time for the latest round of Jeb for Prez speculation, the juiciest scandal tied to Florida's former governor is headed back to court. The courts are revisiting a two-decades old charge that a company Bush cofounded spent millions bribing Nigerian officials with federally loaned money to secure a lucrative deal selling water pumps in the African nation.

Now the government is trying to get $74 million in damages back from the company.

Tampa Bay Times outlines the complex case this morning, but notes that the new federal trial won't include allegations about Jeb's role in the scandal or any testimony from the politician.

Still, any mention of the case in the press is bad news for Jeb if he indeed has any further political aspirations, considering many questions about his role in the affair linger.

Jeb founded a company called MWI Corp. in 1988 while his dad, George H.W. Bush, was in the Oval Office. Four years later, MWI nabbed $74 million in financing from the Export-Import Bank of the United States to sell water pumps in Nigeria.

But the feds balked when they learned the company had promised a huge $28 million "commission" to their agent in Nigeria, calling the payment a bribe to land the contract.

Nigeria eventually repaid $33 million, but MWI has always denied any wrongdoing. Jeb, who traveled to Nigeria to negotiate the deal, also maintains he had nothing to do with setting up the payout to the Nigerian agent.

In the new case, the U.S. government is demanding that MWI pay back the full $74.3 million it got from the Import-Export bank.

Bush won't have to testify, but he's said in the past that the MWI affair has caused him "unmitigated grief" for more than two decades. That's not likely to change anytime soon with the new lawsuit.

Follow Miami New Times on Facebook and Twitter @MiamiNewTimes.

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Jeb Bush's Nigerian Bribery Scandal Is Back in Court - Just in time! (Original Post) TheNutcracker Jul 2015 OP
Let us not forget that Jeb Bush defaulted on a $4.56 million dollar loan from the TheNutcracker Jul 2015 #1
So it's Jeb who's been sending me all those emails asking me to wire money Tatiana La Belle Jul 2015 #2
That's funny. That guy just said we all need to work longer hours! Kick for more exposure! TheNutcracker Jul 2015 #3
Oh great. More entitled people Tatiana La Belle Jul 2015 #5
And don't forget Jeb wanted to do away with the VA! Let them have vouchers......BAS-TURD he is. TheNutcracker Jul 2015 #4
What? Rechercar Jul 2015 #6
Welcome to DU stopwastingmymoney Jul 2015 #7
 

TheNutcracker

(2,104 posts)
1. Let us not forget that Jeb Bush defaulted on a $4.56 million dollar loan from the
Wed Jul 8, 2015, 10:46 PM
Jul 2015

Let us not forget that Jeb Bush defaulted on a $4.56 million dollar loan from the Broward Federal Savings in Sunrise, FL. After federal regulators closed the S&L, the office building that Jeb used the $4.56 million to finance was reappraised by the regulators at $500,000.00, which Bush and his partners paid. The taxpayers had to pay back the remaining 4 million plus dollars, as in the past. This family robs banks and created a drug war to run drugs.

When is enough, enough for a Bush? Do they really believe the world just can't survive without them running it?

 

TheNutcracker

(2,104 posts)
3. That's funny. That guy just said we all need to work longer hours! Kick for more exposure!
Wed Jul 8, 2015, 11:08 PM
Jul 2015

The country needs to learn the truth about Jeb...and his wife.

Columba, lying to the feds about bringing back 20K worth of goods back into the U.S. from 'Paris'. Caught at the airport while he was governor. First Lady she should never, ever be.

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