Extreme Makeover: Veco Edition
by Laura McGann – May 29, 2007, 12:24 PM
Sen. Ted Stevens (R-AK) jacked his house off the ground, inserted a new first story and placed the old first floor on top, thanks to the help of a top executive at local oil company Veco Corp. who hired at least one key contractor to complete the feat of a job.
Veco is entwined in a broad federal investigation that has led to the indictment of four current and former Alaska politicians and ensnared former Alaska Senate President Ben Stevens, son of Ted Stevens. Local press concluded that Stevens was state “Senator B,” listed in the charging documents of two former Veco Corp. executives who pled guilty to federal bribery and conspiracy charges, saying they gave the younger Stevens $242,000 in illegitimate consulting fees.
Neither Stevens has been charged with a crime.
It’s unclear how the senior Stevens’ home doubling is connected to the broader investigation, but the Feds are now eyeing the construction job according to the Anchorage Daily News , which noticed a line in the Veco executives’ plea bargains that could link the senator to the probe:
The sentence, preceded by a listing of a dozen Veco-related enterprises around the world, said: “Veco was not in the business of residential construction or remodeling.”
Maybe they dabbled.
… from TPM MuckRaker.com (link here)
Barbados Politicians Love Those “Consulting Fees”
We have always said (and everybody seems to know) that in order for a foreigner to build much of anything on Barbados there must first be many “studies” and “consulting” workups to make sure the project can be built in a proper manner. Yes, sir – there must be much “consulting” done – usually by a friend or relative of someone who is involved in the approvals process, you see!
Readers will remember that waterpark developer Matthew Kerins complained about spending millions in “consulting fees” on Barbados with little or no result. That’s life on the rock for foreign developers. (Hey Matthew… it would have been ok had the Prime Minister and his crones “consulted” with the voters before you paid the “consulting fees”, but as we told you before – now that the voters have their backs up about the waterpark at Graeme Hall, you can kiss that “consulting” money goodbye!)
As shown in the Alaska newspapers’ accounts of the FBI investigation into VECO – the company that is building the new Barbados Jail – Veco has a corporate culture of corruption where politicians were regularly bribed to achieve company goals.
Knowing Barbados, it is beyond the imagination to suggest that VECO’s corporate culture of bribery was not welcomed here by some.
Faced with all the above, we expect the Attorney General of Barbados to launch an immediate investigation into all “consulting” and “sub-contracting” fees paid out by VECO in the past 13 years – during the building of the Oil Terminal, the Jail and any other work performed by VECO or associated companies on Barbados.
The people of Barbados demand to know if any “consulting” or “sub-contracting” fees were paid to companies owned or controlled by politicians or their families or friends.
How Much Is The Prison Over Budget? YIKES!