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Re: alwright post# 1586

Thursday, 07/13/2006 10:28:50 AM

Thursday, July 13, 2006 10:28:50 AM

Post# of 10911
The government was stealing from them just as much. I guess the best way to look at it, IMO, is that they were scratching each other's backs to each get what they wanted (they on the govt side being specific individuals, not the government itself).

Yes, you are correct, they will not be getting more govt contracts. That is not what put them out of business, though. Their business licenses were revoked for illegal activities, their bank accts were seized for improprieties. Illegal activities include bribing government officials, which is illegal. There may be more at play than the press is letting out right now, no way to know, but bribery is the "headline", so to say, and the reason the government was able to shut them down. This is all within US territory, nothing to do with other countries. My guess, totally a guess, is that money laundering could be in play. Money laundering is not just drug dealing as people think, but avoidance on taxes and recharacterization of incomes, and is huge business and very prevalent. The US govt is spending a lot of effort in recovering funds going offshore that they think they have the right to tax, and they look very closely at issues involving foreign governments with US companies in order to assure the Feds are getting "their cut".




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