Jeb Bush missed red flags in Florida business scandal

[Judi Lynn]

Jeb Bush missed red flags in Florida business scandal
By Chris Frates
Updated 6:00 AM ET, Mon March 30, 2015


Miami (CNN)—There were plenty of red flags surrounding the company Jeb Bush was planning to join: lawsuits, bad headlines, even previously convicted drug dealers in top positions.

But somehow Bush seemed to miss them all in 2007 as he prepared to join InnoVida as a $15,000-a month-consultant -- a position that would lead to board membership and stock options.

Just months out of the Florida governor's mansion, the consulting gig with InnoVida would help Bush replenish his bank account after eight years in public service. It was also a chance for him to lend the credibility that comes with being the son of a former president and the brother of a sitting one to a home state start-up making what promised to be a revolutionary new building material.

But in reality, Bush was getting caught up with a smooth-talking CEO who would ultimately be sent to prison for more than a decade for running a $40 million investment fraud. Bush's ties to InnoVida and chief executive Claudio Osorio are resurfacing as the former governor considers a White House run.

More:
http://us.cnn.com/2015/03/30/politics/election-2016-jeb-bush-business/index.html

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Timeline: Jeb Bush and InnoVida
By Matea Gold January 19

One of the first business ventures that Jeb Bush got involved with after leaving the Florida governor's mansion in 2007 was InnoVida, a company that ended up bankrupt, with two top executives in federal prison.

March 2006: Venezuelan-born entrepreneur Claudio Osorio forms InnoVida, a company marketing proprietary fiber composite panels that can be used to build strong temporary structures without cement, steel or wood.

Sometime in 2007: Former governor Jeb Bush recalls first meeting Osorio at charity event held at Osorio's mansion on Miami Beach's Star Island, according to an aide.

Nov. 16, 2007: Jeb Bush signs contract to serve as consultant to InnoVida for $15,000 a month, plus reasonable expenses, according to documents filed with the federal bankruptcy court in Florida.

August 2008: Bush receives 250,000 stock options as a “key manager,” according to evidence submitted in federal court as part of a criminal prosecution of InnoVida executives.

More:
http://www.washingtonpost.com/blogs/post-politics/wp/2015/01/19/timeline-jeb-bush-and-innovida/

[Judi Lynn]

1. International Medical Centers – The Jeb Bush Connection

International Medical Centers – The Jeb Bush Connection

by William Bowles
Posted on February 19, 2015

(Excerpt From “The Bush Family Saga: Frauds ‘R Us” 2003)
http://www.williambowles.info/ini/ini-015.html

This is a murky story with connections to the Nicaraguan Contras, the Mafia, Cuban-American terrorists, Iran-Contra, bribery and corruption, coverups and the CIA. Essentially, IMC was contracted to give medical assistance to the Nicaraguan Contras but the story is in fact, a lot more complex and gives you some idea of just how inter-connected events really are, especially when you’re dealing the Bush clan. Perhaps this review of a book by Duncan Campbell The Bush Dynasty and the Cuban Criminal, will give you some idea:

“The Bush family connections go back to 1984 when Jeb Bush began a close association with Camilo Padreda, a former intelligence officer with the Batista dictatorship overthrown by Fidel Castro.

Jeb Bush was then the chairman of the Dade county Republican party and Padreda its finance chairman. Padreda had earlier been indicted on a $500,000 (£320,000) embezzlement charge along with a fellow exile, Hernandez Cartaya, but the charges were dropped, reportedly after the CIA stated that Cartaya had worked for them.

Padreda later pleaded guilty to defrauding the housing and urban development department of millions of dollars during the 1980s.

The president’s younger brother was also on the payroll in the 80s of the prominent Cuban exile Miguel Recarey, who had earlier assisted the CIA in attempts to assassinate President Castro.

More:
http://saynotojeb.com/jeb-bush-cuban-terrorist/

[Judi Lynn]

2. When Dad Was VP, Jeb Bush Lobbied The Administration For A Medicare Fraudster

When Dad Was VP, Jeb Bush Lobbied The Administration For A Medicare Fraudster
Posted: 02/20/2015 11:42 am EST Updated: 02/20/2015 1:59 pm EST

WASHINGTON -- Jeb Bush personally lobbied the secretary of health and human services, while his father was vice president, on behalf of a Miami figure who would later flee the country accused of one of the greatest Medicare frauds in the program's history.

Bush pressed then-HHS Secretary Margaret Heckler to give the man's HMO a waiver so that it could accept larger sums of Medicare money than it otherwise would have been allowed, Heckler told The Huffington Post.

Miguel Recarey Jr., head of the health maintenance organization International Medical Centers (IMC) who often boasted of connections to the Miami Cuban mafia, paid Bush $75,000 in the mid-1980s. Bush has acknowledged receiving the payment but said it was tendered for real estate consultation. But the deal he consulted on was never closed.

The New York Times recently reported that the younger Bush made frequent use of his connection to his father both as vice president and president. "Even within a family long steeped in politics, Mr. Bush stood out to White House aides for the frequency of his communications and the intensity of the opinions," the paper reported.

More:
http://www.huffingtonpost.com/2015/02/20/jeb-bush-miguel-recarey_n_6707156.html

[Demeter]

3. Oh, this is too delicious!

And this is the smart one?

[Judi Lynn]

4. Sure looks that way! Really scary, isn't it? n/t