Read time: 1 minute

Uncle Bucky: It's Good To Be A Bush

Now to be fair, Bucky Bush has not been accused of any wrongdoing. I just find it sadly ironic that a Bush is making so much money from illegal acts b

Now to be fair, Bucky Bush has not been accused of any wrongdoing. I just find it sadly ironic that a Bush is making so much money from illegal acts by defense contractors.

LA Times:

President Bush's uncle William H.T. "Bucky" Bush was among directors of a defense contractor who together reaped $6 million from what federal regulators say was an illegal five-year scheme by two company executives to manipulate the timing of stock option grants, court documents show.

The youngest brother of former President George H.W. Bush, he is the second Bush family member whose name has surfaced in stock options scandals this month.

He was an outside, nonexecutive director of Engineered Support Systems Inc. of St. Louis, a supplier of military equipment and electronics that financially benefited from the Iraq war. [..]In a civil suit filed Tuesday, the Securities and Exchange Commission accused the former chief financial officer and former controller of enriching themselves and others with backdating.

Bush and the other board members were not accused of any wrongdoing.

Bush made about $450,000 in January 2005 by exercising his company stock options and selling shares, his SEC filing shows. When questioned by a Times reporter about the sale at the time, he said he had not pulled any strings in Washington to win Iraq war contracts.

[..]Last week in an unrelated case, Marvin Bush, the current president's youngest brother, was named as a defendant in a suit charging that officers and directors of HCC Insurance Holdings benefited from backdated options.

Can you help us out?

For 16 years we have been exposing Washington lies and untangling media deceit. We work 7 days a week, 16 hours a day for our labor of love, but with rising hosting and associated costs, we need your help! Could you donate $21 for 2021? Please consider a one-time or recurring donation of whatever amount you can spare, or consider subscribing for an ad-free experience. It will be greatly appreciated and help us continue our mission of exposing the real FAKE NEWS!

More C&L Coverage

Discussion

New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team