| Topic: |
Politics > Politics-USA |
| User: |
"Harry Hope" |
| Date: |
07 May 2007 11:59:48 AM |
| Object: |
Ghouliani Firms Had Potential Conflict of Interest |
Under federal bankruptcy law, Giuliani Partners and Giuliani Capital
Advisors were required to fill out a form stating any "connections
with Interested Parties" -- which would include work being performed
simultaneously for a creditor and the debtor in the case.
The company was required to file such an affidavit in court, and
update it periodically as the Delta case unfolded.
The company never disclosed to the court its security division's ties
to Command Security.
The absence of a disclosure was noted during a Wall Street Journal
review of the court records.
.................................................................................................
Shortly after his term as mayor ended, Mr. Giuliani used the
reputation he burnished after the Sept. 11, 2001, terrorist attacks to
hang out a consulting shingle to provide security-crisis consulting to
a variety of companies, calling it Giuliani Capital Advisors.
In 2004, Mr. Giuliani added investment banking to the services it
provided.
According to documents filed with the Securities and Exchange
Commission, Giuliani Security contracted with Giuliani Capital,
performing background checks on its potential clients and employees.
But relatively little is known about the complex relationships between
Mr. Giuliani's various businesses, their clients and the fees they
charge.
From The Wall Street Journal, 5/7/06:
http://online.wsj.com/public/article/SB117850248912794086-vxMpHHx7pBifLO3tP6Q_gru9lGw_20080506.html?mod=blogs
Giuliani Firms Had Potential Conflict of Interest
Roles in Delta Bankruptcy Case May Put Pressure on Campaign
To Open Up About Businesses
By CHRISTOPHER COOPER
A pair of companies owned by Rudy Giuliani represented both a debtor
and a creditor in a recently concluded bankruptcy proceeding, a
potential conflict of interest that wasn't disclosed to the federal
judge overseeing the case, records show.
_________________________________________________________
Harry
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