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Tag Archive: Securities and Exchange Commission (SEC)

Sale of War Firm Makes Millions for Presidential Uncle:


President Bush’s uncle William Bush collected $2.7 million in cash and stocks in the sale of the war contracting firm ESSI to DRS Technologies, according to the Los Angeles Times. ESSI received hundreds of millions of dollars in contracts for operations in Iraq, many of them no-bid, and is currently involved in two federal investigations according to the SEC. One of the investigations revolves around a delayed disclosure to stockholders of a stop-order put on a contract. During the delay “several ESSI executives, including Bush's uncle, cashed in stock and stock options worth millions of dollars”.

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