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The most stunning and least reported news about President Obama's press conference with health industry executives this week wasn't those executives' willingness to negotiate with a Democrat. It was that Democrat's eagerness to involve those executives in a discussion about health care reform even as they revealed their previous plans to pilfer $2 trillion from Americans. That was the little-noticed message from the made-for-TV spectacle administration officials called a health care "game changer": In saying they can voluntarily slash $200 billion a year from the country's medical bills over the next decade and still preserve their profits, health care companies implicitly acknowledged they were plotting to fleece consumers, and have been fleecing them for years. With that acknowledgment came the tacit admission that the industry's business is based not on respectable returns but on grotesque profiteering and waste - the kind that can give up $2 trillion and still guarantee huge margins. Chief among the profiteers at the White House event were insurance companies, which have raised premiums by 119 percent since 1999, and one obvious question is why - why would Obama engage those particular thieves? It's a difficult query to answer, because Obama is a health care mystery, struggling to muster consistent positions on the issue. Listening to a 2003 Obama speech, it's hard to believe he has become such an enigma. Back then, he declared himself "a proponent of a single-payer universal health care program" - i.e., one eliminating private insurers and their overhead costs by having government finance health care.
Note: For lots more on health issues from reliable sources, click here.
The Somali pirates attacking shipping in the Gulf of Aden and Indian Ocean are directed to their targets by a "consultant" team in London, according to a European military intelligence document obtained by a Spanish radio station. The document, obtained by Cadena SER radio, says the team and the pirates remain in contact by satellite telephone. It says that pirate groups have "well-placed informers" in London who are in regular contact with control centres in Somalia where decisions on which vessels to attack are made. These London-based "consultants" help the pirates select targets, providing information on the ships' cargoes and courses. In at least one case the pirates have remained in contact with their London informants from the hijacked ship, according to one targeted shipping company. "The information that merchant ships sailing through the area volunteer to various international organisations is ending up in the pirates' hands," Cadena SER reported the report as saying. This enables the more organised pirate groups to study their targets in advance, even spending several days training teams for specific hijacks. Senior pirates then join the vessel once it has been sailed close to Somalia. Captains of attacked ships have found that pirates know everything from the layout of the vessel to its ports of call. The national flag of a ship is also taken into account when choosing a target, with British vessels being increasingly avoided, according to the report.
Note: The remarkable capability described here -- knowledge of all the details of cargo, ship layout, nationality, and especially position and course -- is one that only national intelligence agencies are likely to have. The positional information would require real-time satellite or drone aircraft surveillance data. Could MI6, the British C.I.A., be running the Somali pirate operations, which have so suddenly spiked up just as the Pentagon's new AFRICOM gets underway?
The Department of Homeland Security is reining in a "maverick" division of the agency following criticism of a report it issued that details domestic "extremists" ranging from anti-tax movements to pro-environment groups, a DHS official told FOX News on Tuesday. The report, released in March ... was on top of a controversial document the same office produced last month that said U.S. veterans were ripe for recruitment by terrorist groups. The quickly withdrawn report, titled the "Domestic Extremism Lexicon," comes from the department's Office of Intelligence and Analysis, the same unit that produced the report on right-wing extremists recruiting vets. The document, first uncovered by The Washington Times, uses a broad brush to define terms used when analyzing dozens of supposedly extremist ideologies inside the United States. They cover: Jewish extremists, animal rights extremists, Christian identity extremists, black separatism extremists, anti-abortion extremists, anti-immigration extremists, anti-technology extremists, Cuban independence extremists and tax resistance extremists, to name a few. In addition to the report on right-wing threats issued last month -- for which DHS Secretary Janet Napolitano apologized -- DHS detailed left-wing threats in a similar report released in January. The "Domestic Extremism Lexicon" covers ideologies across the spectrum. The top of the document also defines "alternative media" as something sinister -- though the term is commonly used to describe blogs and popular publications like New York's Village Voice.
Note: How strange that Fox News posted this report, yet other major media largely ignored this important news. Click here to read the extremism report.
The pressures were already immense when David B. Kellermann was promoted to the top financial position at the mortgage giant Freddie Mac last September. Mr. Kellermann's boss and other top executives were ousted when the Treasury secretary seized Freddie Mac and its sibling company, Fannie Mae; others left on their own and were not replaced. Early on Wednesday, Mr. Kellermann went to the basement of his brick home and hanged himself, according to people familiar with the situation who were not authorized to speak. His body was removed five hours later, through a throng of neighbors, television crews and others. "David was such an honest and humble person," said Tim Bitsberger, Freddie Mac"s treasurer until he left in December. "It just doesn't make sense," Mr. Bitsberger said. The roots and causes of suicide are often unclear. It is not known if Mr. Kellermann succumbed to the pressures of his job. But in the aftermath of his death, it is plain that at Freddie Mac, as at many of the companies in the center of this economic storm, there are forces so strong they can overwhelm almost anyone. Mr. Kellermann ... was at the intersection of some of the most difficult issues facing the company. Mr. Kellermann was also working in a poisonous political atmosphere. He was recently involved in tense conversations with the company's federal regulator over its routine financial disclosures. Freddie Mac executives wanted to emphasize to investors that they believed the company was being run to benefit the government, rather than shareholders.
Note: For a revealing archive of reports on the hidden realities underlying the Wall Street bailout, click here.
While American consumers have been struggling, credit card companies have been enjoying a field day. Not only are most of them receiving federal bailout money, but they've been jacking up interest rates (there were rate hikes on nearly 25 percent of accounts between 2007 and 2008) and switching the terms of agreements with consumers. Why the rush to gouge consumers in the depths of a recession? In July 2010, the Federal Reserve will impose new, consumer-friendly disclosure and administrative restrictions on the credit card industry. Scrambling to get ahead of the deadline, the card companies have been raising interest rates, slicing credit lines and, in too many cases, simply dumping customers with little rhyme or reason. Defaults and delinquencies have skyrocketed - and consumers are livid. "It's off the charts in terms of their ire about paying higher interest rates, particularly when their money, as they see it, is being given to the banks to prop them up," said Rep. Jackie Speier, D-Hillsborough. Speier's staff says her office has been "flooded" with calls from furious constituents. Speier is ... a co-sponsor of HR627, better known as "The Credit Cardholders' Bill of Rights." The bill - which has the support of the Obama administration - would prevent card issuers from raising interest rates without advance notice and end the practice of "double-cycle billing" so that consumers do not have to pay interest on debts they've already paid.
Note: For a highly revealing archive of reports on the hidden realities underlying the Wall Street bailout, click here.
An influential Democrat in Congress, California's Jane Harman, is at the center of a national security scandal that's threatening her political career. Harman is fighting mad after reports that her phone conversation was intercepted by a national security agency wiretap ... in 2005 and 2006. Sources say Harman was overheard talking to an investigative target whose conversations were being legally intercepted. Congressional Quarterly and The New York Times report that Harman discussed using her influence to reduce espionage-related charges against two officials of the American Israeli Public Affairs Committee. In return, the person with whom she was speaking would lobby then-House Minority Leader Nancy Pelosi to appoint Harman chair of the House Intelligence Committee. Harman reportedly ended the conversation by saying, "This conversation doesn't exist." [Congressional Quarterly] also reports that after the intercept, the FBI tried to open an investigation of Harman. But Attorney General Alberto Gonzales pulled the plug because he wanted Harman's help defending the controversial domestic warrantless wiretapping program. The former attorney general had no comment.
Note: For lots more from major media sources on the clandestine operations of the FBI and other intelligence agencies, click here.
Alien life does exist but the truth is being covered up by the United States government, former NASA astronaut Edgar Mitchell has claimed. Mr Mitchell, who was part of the 1971 Apollo 14 moon mission, made the claims in a talk to the fifth annual X-Conference – a meeting of those who believe in UFOs and other life forms. He also said he had attempted to investigate the 1947 'Roswell Incident', which some believe was the crash-landing of a UFO, but had been thwarted by military authorities. The former astronaut, 78, said: "We're not alone. Our destiny, in my opinion, and we might as well get started with it, is [to] become a part of the planetary community. ... We should be ready to reach out beyond our planet and beyond our solar system to find out what is really going on out there." Mitchell grew up in Roswell, New Mexico, which some UFO believers maintain was the site of a UFO crash in 1947. He said residents "had been hushed and told not to talk about their experience by military authorities." He claimed he had raised the issue of evidence from local residents with the Pentagon 10 years ago. An unnamed admiral working for the Joint Chiefs of Staff promised to uncover more information for Mitchell but was denied access when he "tried to get into the inner workings of that process." Mitchell claimed the admiral now denies the story. "I urge those who are doubtful: Read the books, read the lore, start to understand what has really been going on. Because there really is no doubt we are being visited," Mitchell said. "The universe that we live in is much more wondrous, exciting, complex and far-reaching than we were ever able to know up to this point in time."
Note: For a powerful summary of evidence of UFOs presented by highly respected military and government officials, including Edgar Mitchell, click here.
With economic activity contracting in 2009's first quarter at the same rate as in 2008's fourth quarter, a nasty U-shaped recession could turn into a more severe L-shaped near-depression (or stag-deflation). The scale and speed of synchronized global economic contraction is really unprecedented (at least since the Great Depression), with a free fall of GDP, income, consumption, industrial production, employment, exports, imports, residential investment and, more ominously, capital expenditures around the world. And now many emerging-market economies are on the verge of a fully fledged financial crisis, starting with emerging Europe. In the meantime, the massacre in financial markets and among financial firms is continuing. The debate on "bank nationalization" is borderline surreal, with the U.S. government having already committed--between guarantees, investment, recapitalization and liquidity provision--about $9 trillion of government financial resources to the financial system (and having already spent $2 trillion of this staggering $9 trillion figure). Thus, the U.S. financial system is de facto nationalized, as the Federal Reserve has become the lender of first and only resort rather than the lender of last resort, and the U.S. Treasury is the spender and guarantor of first and only resort. And even with the $2 trillion of government support, most of these financial institutions are insolvent, as delinquency and charge-off rates are now rising at a rate ... that means expected credit losses for U.S. financial firms will peak at $3.6 trillion. So, in simple words, the U.S. financial system is effectively insolvent.
Note: The author of this insightful analysis, Nouriel Roubini, has a very informative blog, available here.
What allowed some people to see the financial crash coming while so many others missed its gathering force? I put that question recently to Nouriel Roubini, who has come to be known as "Dr. Doom" because of his insistent warnings starting in 2006 that we were heading into a global firestorm. Roubini gave two kinds of answers. The first involves standard number-crunching of the sort that economists routinely do -- and that Roubini just did better and sooner. It's his second answer that's more interesting, because it goes to the heart of what we should take away from this crisis: Roubini decided to discard the assumption of market rationality that underlies most economics and to embrace the psychological insights of what's known as "behavioral economics." Everyone else had those same numbers. Why did Roubini act? The answer is that he decided to trust his gut, which told him there was trouble ahead, rather than Wall Street's "wisdom of the crowd," which -- as reflected in stock prices -- said everything was rosy. He concluded that the markets were not pricing in the degree of risk that was actually present in housing. "The rational man theory of economics has not worked," Roubini said last month at a session of the World Economic Forum at Davos. That's why he and other prominent economists are paying more attention to behavioral economics, which starts from the premise that economic decisions, like other aspects of human behavior, are influenced by irrational psychological factors.
Note: To visit Nouriel Roubini's highly informative blog, click here. For lots more on the financial crisis and bailout, click here.
The U.S. Treasury looks to have overpaid financial institutions to the tune of $78 billion in carrying out capital injections last year, the head of a congressional oversight panel for the government's $700 billion bailout program told lawmakers. Elizabeth Warren, a Harvard law professor, said her group estimated the Treasury paid $254 billion in 2008 in return for stocks and warrants worth about $176 billion under the Troubled Asset Relief Program, or TARP. Warren said the Treasury, under then-Secretary Henry Paulson, misled the public about how it would price them. "Treasury simply did not do what it said it was doing ... They described the program one way, and they priced it another," Warren said at a hearing before the Senate Banking Committee. She added that Paulson "was not entirely candid" in describing TARP's bank capital injection program. Neil Barofsky, another watchdog for the TARP program, told the Senate committee his office is turning to criminal investigations. "That's going to be a large focus of my office," he said. Warren told the banking committee that after three months on the job, her panel is still not getting enough answers from Treasury. She described the bailout as "an opaque process at best." Barofsky raised concerns about potential fraud in one of several programs funded by bailout money -- the Federal Reserve's Term Asset-Backed Loan Facility (TALF).
Note: Was the overpayment by Treasury to Wall Street banks for nearly-worthless assets they created a mistake? Or was it the real, hidden purpose of TARP to pay the banks more for the assets than they are worth? For many revealing reports from reliable sources on the realities behind the Wall Street bailout, click here.
With the help of CIA spotters, the Peruvian air force shot down 15 small civilian aircraft suspected of carrying drugs, in many cases without warning and within two to three minutes of being sighted, a U.S. lawmaker said Thursday. It was the first public disclosure of the number of planes shot down between 1995 and 2001 as part of the Airbridge Denial Program, a CIA counternarcotics effort that killed an innocent American missionary, Veronica Bowers, and her infant daughter in 2001. Michigan Rep. Pete Hoekstra, senior Republican on the Intelligence Committee of the House of Representatives, told The Associated Press most of the 15 planes shot down with the help of the CIA crashed in the jungle. The wreckage has not been or could not be examined to ascertain whether narcotics were aboard the aircraft. "The Bowers could have gone in the same category if they had crashed in the jungle," Hoekstra said, speaking of the missionary family from Hoekstra's state, Michigan. The Bowers' plane made an emergency river landing after it was hit. Excerpts from a CIA inspector general's report released in November raised questions about whether the missionaries' plane was the only craft mistakenly suspected of drug smuggling. The CIA report said that in most of the shootdowns, pilots fired on aircraft "without being properly identified, without being given the required warnings to land, and without being given time to respond to such warnings as were given to land."
Note: For many key reports from major media sources on government corruption, click here.
The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. The unprecedented pledge of funds includes $3.18 trillion already tapped by financial institutions in the biggest response to an economic emergency since the New Deal of the 1930s, according to data compiled by Bloomberg. The commitment dwarfs the plan approved by lawmakers, the Treasury Department’s $700 billion Troubled Asset Relief Program. Federal Reserve lending last week was 1,900 times the weekly average for the three years before the crisis. When Congress approved the TARP on Oct. 3, Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson acknowledged the need for transparency and oversight. Now, as regulators commit far more money while refusing to disclose loan recipients or reveal the collateral they are taking in return, some Congress members are calling for the Fed to be reined in. “Whether it’s lending or spending, it’s tax dollars that are going out the window and we end up holding collateral we don’t know anything about,” said Congressman Scott Garrett, a New Jersey Republican who serves on the House Financial Services Committee. “The time has come that we consider what sort of limitations we should be placing on the Fed so that authority returns to elected officials as opposed to appointed ones.”
Note: How is it possible that trillions of taxpayer dollars are being thrown around, yet Congress is not being told where the money is going? For revealing information on how the Fed manipulates government, click here.
The Food and Drug Administration ignored scientific evidence and used flawed methods when it determined that a chemical widely used in baby bottles and in the lining of cans is not harmful, a scientific advisory panel has found. In a highly critical report ... the panel of scientists from government and academia said the FDA did not take into consideration scores of studies that have linked bisphenol A (BPA) to prostate cancer, diabetes and other health problems in animals when it completed a draft risk assessment of the chemical last month. The panel said the FDA didn't use enough infant formula samples and didn't adequately account for variations among the samples. Taking those studies into consideration, the panel concluded, the FDA's margin of safety is "inadequate". The panel is part of the Science Board, a committee of advisers to the FDA commissioner, and was set up to review the FDA's risk assessment of BPA. Many of the studies that the panel said the FDA ignored were reviewed by the National Toxicology Program, which concluded in September that it had "some concern" that BPA can affect brain and behavioral development in infants and small children. Officials at FDA, which regulates the chemical's use in plastic food containers, bottles, tableware and the plastic linings of food cans, accepted some of the criticism in the report. "FDA agrees that due to the uncertainties raised in some studies relating to the potential effects of low doses of bisphenol-A that additional research would be valuable," said spokeswoman Judy Leon. The agency has commissioned new research on BPA.
Note: For many important reports on health issues from reliable sources, click here.
The Treasury Department is dramatically expanding the scope of its bailout of the financial system with a plan to take ownership stakes in the nation's insurance companies, signaling new concerns about a sector of the economy whose troubles until now have been overshadowed by the banking industry, government and industry sources said. Insurers, including The Hartford, Prudential and MetLife, have pushed the Bush administration to include them in the plan. Many firms have taken losses from mortgage-related securities and other investments and are struggling to replenish their coffers. The new initiative underscores the growing range of problems that Treasury is scrambling to address with the $700 billion allocated by Congress this month. The shape of the plan has changed repeatedly since Treasury Secretary Henry M. Paulson Jr. introduced it last month as an effort to rescue banks by buying their troubled mortgage-related assets. That original mandate has now been pushed aside by a plan to take equity stakes in banks and insurance companies, and other businesses are lobbying to be included. The government has been forced to expand the plan partly because the federal guarantees previously given some institutions, such as banks, have put other companies and financial sectors at a disadvantage, making them less attractive to uneasy investors. The cost of saving the country's largest insurer continues to rise. Senior managers at troubled insurance giant American International Group warned the Federal Reserve yesterday that the company would probably need more taxpayer money than the $123 billion in rescue loans the government has provided.
Note: For lots more highly revealing reports on the Wall Street bailout, click here.
Sen. Joe Biden, D-Del., on Sunday guaranteed that if elected, Sen. Barack Obama., D-Ill., will be tested by an international crisis within his first six months in power and he will need supporters to stand by him as he makes tough, and possibly unpopular, decisions. "Mark my words," the Democratic vice presidential nominee warned at the second of his two Seattle fundraisers. "Remember I said it standing here if you don't remember anything else I said. Watch, we're gonna have an international crisis, a generated crisis, to test the mettle of this guy. And he's gonna need help. He's gonna need you ... to use your influence, your influence within the community, to stand with him. Because it's not gonna be apparent initially ... that we're right. Gird your loins," Biden told the crowd. "We're gonna win, but this is not gonna be an easy ride. The next president is gonna be left with the most significant task. It's like cleaning the Augean stables, man. He's gonna need your help. Because I promise you, you all are gonna be sitting here a year from now going, 'Oh my God, why are they there in the polls? Why is the polling so down? Why is this thing so tough?' We're gonna have to make some incredibly tough decisions in the first two years. So I'm asking you now ... [to] be prepared to stick with us. There are gonna be a lot of you who want to go, 'Whoa, wait a minute, yo, whoa, whoa, I don't know about that decision'," Biden continued. "Because if you think the decision is sound when they're made, which I believe you will, they're not likely to be as popular as they are sound. Because if they're popular, they're probably not sound."
Note: This remarkable warning from Joe Biden of a near-term "generated crisis" is notable as well for its anti-democratic sentiments. Gen. Colin Powell, in endorsing Barack Obama for president on "Meet the Press" on Oct. 19 (the same day as Biden's speech), also said "there's going to be a crisis come along [on] the 21st or 22nd of January that we don't even know about right now." Beyond the timing, what do these key insiders know that the public doesn't? And what country has the demonstrated capability to "generate" a crisis at will?
They do not seem the most likely classical music patrons: Northrop Grumman, General Dynamics, Boeing and Lockheed Martin. But together, these defense contractors are donating hundreds of thousands of dollars to the symphony orchestra in Johnstown, Pa., underwriting performances of Mozart and Wagner in this struggling former steel town. A defense lobbying firm, the PMA Group, even sprang for a champagne reception at the symphony’s opera festival last month. Company representatives say they are being generous corporate citizens. But the orchestra is also a beloved charity of Representative John P. Murtha, Democrat of Pennsylvania, whose Congressional committee hands out lucrative defense contracts, and whose wife, Joyce, is a major booster of the symphony. For the first time, corporations and their lobbyists are being required to disclose donations they make to the favorite causes of House and Senate members, and a review of thousands of pages of records shows the extent — and lavishness — of this once hidden practice. During the first six months of 2008, lobbyists, corporations and interest groups gave approximately $13 million to charities and nonprofit organizations in honor of more than 200 members of the House and Senate. The donations came from firms with numerous interests before the Congress, such as Wal-Mart, the Ford Motor Company, Kraft Foods and Pfizer, and were received by charities ... as well as local groups controlled by members of Congress or those close to them.
Note: For revelations of corporate corruption from major media sources, click here.
Hundreds of US citizens overseas have been eavesdropped on as they called friends and family back home, according to two former military intercept operators who worked at the giant National Security Agency (NSA) center in Fort Gordon, Georgia. "These were just really everyday, average, ordinary Americans who happened to be in the Middle East, in our area of intercept and happened to be making these phone calls on satellite phones," said Adrienne Kinne, a 31-year old US Army Reserves Arab linguist assigned to a special military program at the NSA's Back Hall at Fort Gordon from November 2001 to 2003. She said US military officers, American journalists and American aid workers were routinely intercepted and "collected on" as they called their offices or homes in the United States. Another intercept operator, former Navy Arab linguist, David Murfee Faulk, 39, said he and his fellow intercept operators listened into hundreds of Americans picked up using phones in Baghdad's Green Zone from late 2003 to November 2007. Both former intercept operators came forward at first to speak with investigative journalist [James] Bamford for a book on the NSA, The Shadow Factory, to be published next week. "It's extremely rare," said Bamford, who has written two previous books on the NSA, including the landmark Puzzle Palace which first revealed the existence of the super secret spy agency. "Both of them felt that what they were doing was illegal and improper, and immoral, and it shouldn't be done, and that's what forces whistleblowers."
Note: For many reports from major media sources of disturbing threats to privacy, click here.
A GOP congressional leader who was wavering on giving President Bush authority to wage war in late 2002 said Vice President Cheney misled him by saying that Iraqi President Saddam Hussein had direct personal ties to al-Qaeda terrorists and was making rapid progress toward a suitcase nuclear weapon. That's one of the revelations in the new book, Angler: The Cheney Vice Presidency, by The Post's Barton Gellman. Angler is based on hundreds of previously unpublished interviews with present and former Cheney advisers, senior officials in federal agencies, diplomats, judges, military officers, senators and members of Congress. Cheney's accusations about Saddam Hussein, described by former House Majority Leader Richard Armey, ... went far beyond public statements that have been criticized for relying on "cherry-picked" intelligence of unknown reliability. There was no intelligence to support the vice president's private assertions, Gellman reports, and they "crossed so far beyond the known universe of fact that they were simply without foundation." Some of the book's most significant news describes a three-month conflict between the Justice Department and the vice president's office over warrantless domestic surveillance. The top White House national security lawyer begins hearing rumors of "the vice president's special program." John B. Bellinger III, who had not been informed of the operation, confronted Cheney's counsel, David S. Addington. "I'm not going to tell you whether there is or isn't such a program," Addington replied, glowering. "But if there were such a program, you'd better go tell your little friends at the FBI and the CIA to keep their mouths shut."
Note: For many powerful exposures of government corruption, click here.
Soldiers barking orders at each other is so 20th Century. That's why the U.S. Army has just awarded a $4 million contract to begin developing "thought helmets" that would harness silent brain waves for secure communication among troops. Ultimately, the Army hopes the project will "lead to direct mental control of military systems by thought alone." Improvements in computing power and a better understanding of how the brain works have scientists busy hunting for the distinctive neural fingerprints that flash through a brain when a person is talking to himself. The Army's initial goal is to capture those brain waves with incredibly sophisticated software that then translates the waves into audible radio messages for other troops in the field. It's not as far-fetched as you might think: video gamers are eagerly awaiting a crude commercial version of brain wave technology — a $299 headset from San Francisco-based Emotiv Systems — in summer 2009. The military's vastly more sophisticated system may be a decade or two away from reality, let alone implementation. The five-year contract it awarded last month to a coalition of scientists from the University of California at Irvine, Carnegie Mellon University, and the University of Maryland, seeks to "decode the activity in brain networks" so that a soldier could radio commands to one or many comrades by thinking of the message he wanted to relay and who should get it.
Note: The US military and intelligence agencies have been conducting and funding research in mind control for decades. Click here for a summary of this research.
A former colleague of the US Vice-President, Dick Cheney, has pleaded guilty to funnelling millions of dollars in bribes to win lucrative contracts in Nigeria for Halliburton, during the period in the Nineties when Mr Cheney ran the giant oil and gas services company. Albert Stanley, who was appointed by Mr Cheney as chief executive of Halliburton's subsidiary KBR, admitted using a north London lawyer to channel payments to Nigerian officials as part of a bribery scheme that landed some $6bn of work in the country over a decade. Mr Cheney … led Halliburton from 1995 until returning to government in 2000. He had previously been Defence Secretary under the first President George Bush, and the links with Halliburton have been a constant thorn in the side of the current administration as the company has gone on to win billions of dollars of contracts in Iraq and other US military spheres. The corruption scandal … centres on more than $180m channelled into Nigeria via intermediaries between 1994 … and 2004. Prosecutors allege that the payments were vital to a KBR-led consortium securing a succession of construction projects related to a liquefied natural gas plant at Bonny Island, on the Atlantic coast of Nigeria.
Important Note: Explore our full index to revealing excerpts of key major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.

