Bloomberg, the news organization for patchouli-burning, Birkenstock-wearing hippies everywhere, has a long story alleging that Koch Industries traded with Iran, paid bribes to win contracts, stole oil, and engaged in “violations of criminal law,” according to the company’s own internal documents.
“Those activities constitute violations of criminal law,” Koch Industries wrote in a Dec. 8, 2008, letter giving details of its findings. The letter was made public in a civil court ruling in France in September 2010; the document has never before been reported by the media [...]
A Bloomberg Markets investigation has found that Koch Industries — in addition to being involved in improper payments to win business in Africa, India and the Middle East — has sold millions of dollars of petrochemical equipment to Iran, a country the U.S. identifies as a sponsor of global terrorism [...]
From 1999 through 2003, Koch Industries was assessed more than $400 million in fines, penalties and judgments. In December 1999, a civil jury found that Koch Industries had taken oil it didn’t pay for from federal land by mismeasuring the amount of crude it was extracting. Koch paid a $25 million settlement to the U.S.
Phil Dubose, a Koch employee who testified against the company said he and his colleagues were shown by their managers how to steal and cheat — using techniques they called the Koch Method.
You’d need only add some story about Charles or David Koch personally tying down a damsel in distress to train tracks to come up with a more damning portrait of what amounts to a super-villain.
Because this story appears in such a commie broadsheet like Bloomberg, it will surely be dismissed. OK, tongue out of cheek. This is an extremely serious piece of journalism, detailing numerous crimes from a corporate actor that has gotten wildly rich in spite of – because of – the crimes. There are details in here of Koch Industries negligence in a pipeline gas explosion that killed two teenagers. There are details of Koch employees told by superiors to falsify data on cancer-causing benzene. There are details of trading with Iran and illicit payments to get contracts and all sorts of violations of the Foreign Corrupt Practices Act. There are details of a number of different indictments and settlements and court orders and plea agreements. The portrait painted is frankly of a criminal enterprise.
The time frame for the article is mostly but not at all limited to the 1996-2003 period. But despite a spokesbot’s claims that the company has reformed its ways, it strains credulity to believe that Koch Industries now complies with all relevant regulatory laws.
The article is hard to summarize because there are so many charges; so just go read it. If you want to know why we’re seeing a wave of protests against corporatism in this country, I would offer this article as Exhibit A.




39 Comments

Support this site!
Subscribe to the newsletter
Advertise on Firedoglake
Send
us your tips
Make us your homepage
About FDL News Desk
Birkenstock-wearing hippies seems like an oxymoron. If they can afford birkenstocks they have entered the exploiting class, perhaps unawares.
“nothing to see here, move along” – MSM
It’s OK if you’re a Koch.
Bloomberg reporter will be fired.
In a rational world, these crimes would warrant investigation and prosecution. The news media would be running stories for days or weeks about Koch industries and their crimes. The general public would be aware of these acts and the company and those who run it would forever be tarnished by that knowledge.
We don’t live in a rational world. If Bloomberg found this out then I think we can assume the federal government already knew. Obviously there have been no charges or prosecution to date and in the political climate we live in today there won’t be any.
How do you think they got so rich, luck ?
Thought it was USG welfare that made them rich. Silly me.
Don’t expect the federal government to strain a muscle investigating this, they’re currently devoting a majority of resources to covering up their own criminality.
Wait for the Haliburton-KBR-Koch mega-merger. Then we can have our corporate citizen all in one place and give them the death penalty.
Unfortunately, mistakes were made. But so were job-creating personal fortunes. Let’s move forward, not waste time looking backward. We have a future to win. So stop whining and get on the bus (or be thrown under it.) Long live the corporate-ocracy!
/s
Waaaay down in the article, koch corp was convicted of dumping toxic chrmicals in TX. The judge fined koch corp “15% of the clean up costs.” *bet that really hurt the bottom line* /s
The Koch”s motto is claimed to be: “Integrity and Compliance”.
The “Koch Method” is a wee bit different … however, ‘twould appear (when it is not successfully hidden with the help of the government the Kochs are said to despise … what great and grand kabuki!)
DW
Here’s a rip-your-heart-out story.
“Things go better with Koch!” /s (super-sized)
where is vladimir putin when we need him:
- you will not be permitted to get away with buying/bribing politicians or judges
- you will not be permitted to use your vast wealth to buy a political seat for yourself
- your criminal activities will be investigated and punished as retribution for trying to influence national politics (otherwise, we don’t give a damn about them).
in short, stay in your box.
Is that made with GM corn syrup or real sugar. (Rhetorical Q)
Under the “Replete with Evidence” heading we find this line, karenjj2 …
“Koch simply refuses to pay its share as ordered by this court” …
Yes, “Integrity and Compliance” …
As of March 2007, Koch had paid $440,899.00 of the $2.97 billion which was its “share” of the clean-up.
Real nice guys, the Kochs … and it is amazing how many still support and admire them.
Some American people have some lessons to learn … and as ole H.L. Mencken said of that “learning” “… they are going to get it, good and hard …”
HooHah!
DW
Testing
WTF??? They paid something? What could they have been thinking.
That and Stalin’s welfare.
I forgot the Stalin connection. Thanks for the reminder.
Of all the empathy and intellectual resources I can muster, I just can’t put myself in their shoes. It is beyond all my understanding how people like that function.
They do have nice choppers in their official corp pic, though.
No, USG welfare kept them rich.
Appreciate that link, eCAHN …
One notes that two of those who comment upon the story are unmoved and seemingly unconcerned, one even crowing about the execution of Troy Davis.
It is somehow, a comforting thought to realize, that, when our species has destroyed itself … the Earth will heal itself and most all evidence that we were here, strutting, grandiose, and proud, will eventually be wiped away and subsumed … even the plastic.
DW
Apparently we still don’t have a Department of Justice.
Change you can believe in.
As someone commented in one of the posts downstairs, the Kochs personal wealth has increased 40% in more recent years, while all the rest of us have suffered losses of various kinds – from jobs to losses in investments and so on.
Things go better FOR Kochs bc of USG welfare, the ability to be CROOKS of the first order and get away with it.
Interesting to note this article in Bloomberg, but machts nichts. It will not be noted or considered notable anywhere else, more’s the pity.
In Texas ?
The Koch brothers are drinking champagne and lighting their cigars with hundred dollar bills while standing on the backs of teabaggers on all fours while they chant “we’re number 1″. Talk about marionettes.
We need to look forward, not back./s
if you go to boycott Koch Industries there is a list and I have found it is very easy to not support them the only way it matters to them.
David, your article got quoted over at The Atlantic Wire. I think it should have been mentioned nearer the top, but then I’m a very discriminating reader.
Here’s one of those lists.
Sounds like a warning shot, to me.
“Yo, Kochs, you’re drawing too much unwanted attention to our ongoing criminal enterprise. Of course, we’re not asking you to, you know, stop this shit–just shell out some more cab fare on public relations. And con–bribe–utions. You feeling us on this? Good!”
love, kisses,
from the people who matter in your life,
M. Bloomberg, B. Obama, E. Holder
Yawn. France did all that stuff too and nobody here made a peep.
the kochs have gotten smarter about buying influence, buying the silence of potential critics, and buying academics to affirm the rightness [:>)] of their cause:
http://news.firedoglake.com/2011/05/10/koch-u-florida-state-university-hands-over-economics-department-to-billionaire-libertarians/
Please circulate far and wide:
http://www.rawstory.com/rs/2011/10/02/wall-street-protesters-approve-declaration-of-occupation/
Occupy Wall Street General Assembly passes “Declaration of Occupation” which in my opinion dovetails quite nicely with this piece on the Koch Brothers.
I a am soo happy to see the protesters with a cogent list of grievances that everyone can understand.
We are the 99%!
Like either of those fuckers will ever spend one day in jail for their crimes against humanity.
Kinda sounds like that other declaration by that Jefferson fella…
Michael Moore should jump on this or maybe some nice liberal, 60′s hippy flowerchild type (like us) would put this on the screen. I would pay to see this.
Holy Shit its not even Christmas:)
I am waiting for the Obama administration to do something about this.
Bet that the FBI is too busy running concocked plots so teenage Muslims can be tagged as terrorists to put any energy into pursuing bad behavior by a huge corporation and its megabillions owners?
Where there is NO WILL there is NO WAY!