Fwd: Harken Aloha.

Matthew X profrv at nex.net.au
Sat Apr 24 08:49:15 PDT 1999


>Date: Fri, 23 Apr 1999 20:40:52 -0700
>To: eins
>From: Matthew X <profrv at nex.net.au>
>Subject: Harken Aloha.
>
>Faulkner said in his letter to Bush.
>
>Documents show the two met just two weeks before Harken's controversial 
>sale in 1989 of its Aloha Petroleum subsidiary, a transaction which 
>critics have compared to the accounting irregularities at bankrupt energy 
>trader Enron Corp. .
>
>The company's initial treatment of the Aloha sale significantly 
>understated the losses Harken first reported for 1989. Under a subsequent 
>agreement with the SEC, Harken restated its financial statements for 1989 
>and for the first nine months of 1990. As a result of accounting changes, 
>Harken's 1989 loss widened to $12.57 million from the $3.33 million loss 
>initially reported.
>
>Bush has denied wrongdoing, saying the Aloha matter reflected an honest 
>disagreement over accounting. "All I can tell you is, that in the 
>corporate world, sometimes things aren't exactly black and white when it 
>comes to accounting procedures," he said earlier this month. FROM
>http://www.capitolhillblue.com/artman/publish/article_126.shtml
>Middle Eastern countries, where the long, spooky arm of BCCI thuggery was 
>strongest
>HAIG ALEXANDER M JR (360) HAMMER ARMAND (160) HAMMOUD MOHAMMED MAHMOUD 
>(105, 182, 332-3) HAQ FAZLE (48-50, 52-3, 286, 294) HARIRI RAFIC (355-6) 
>HARKEN ENERGY CORPORATION (229)
>http://www.pir.org/main2/Harken_Energy_Corporation.html
>Bahrain 1990
>·       ·       Bainerman,J. The Crimes of a President. 1992 (293-7)
>·       ·       Beaty,J. Gwynne,S.C. The Outlaw Bank. 1993 (229)
>·       ·       Covert Action Information Bulletin 1992-#41 (50-2)
>·       ·       Executive Intelligence Review 2000-02-25 (46-52)
>·       ·       Hatfield,J.H. Fortunate Son. 2000 (70, 91-2, 97-105)
>·       ·       Lewis,C. The Buying of the President 2000. 2000 (194-6, 
>199-202)
>·       ·       Mother Jones 1992-10 (33, 66-8)
>·       ·       San Antonio Express-News 1999-07-11 (3J)
>·       ·       Stich,R. Defrauding America. 1994 (407, 410)
>·       ·       Texas Observer 1991-04-05 (16-7)
>·       ·       Texas Observer 1991-07-12 (12-5)
>·       ·       Texas Observer 1991-09-20 (11-7)
>·       ·       Truell,P. Gurwin,L. False Profits. 1992 (369-70)
>·       ·       Wall Street Journal 1991-12-06 (A1, 4)
>http://www.pir.org/cgi-bin/nbonlin6.cgi?_HARKEN_ENERGY_CORPORATION
>No connection yet to rewald...yet.Quasha-fortunate son?
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