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Ear to the Ground

Koch Industries Is Awash in Money and Misdeeds

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Posted on Oct 3, 2011
eaghra (CC-BY)

Contracts won with bribes, falsified safety and emissions reports, price fixing, illegal dealings with Iran and stolen oil. Bloomberg has compiled a detailed litany of loosely related bad behaviors by the managers of Koch Industries and its subsidiary companies.

For Charles and David Koch, who turned their father’s modest oil company into a roughly $100 billion a year industrial and financial empire spanning more than 50 countries, it is government regulation of these types of activities—not the practices themselves—that harms American businesses, and presumably, the rest of society. —ARK

Bloomberg:

For six decades around the world, Koch Industries has blazed a path to riches—in part, by making illicit payments to win contracts, trading with a terrorist state, fixing prices, neglecting safety and ignoring environmental regulations. At the same time, Charles and David Koch have promoted a form of government that interferes less with company actions.

“My overall concept is to minimize the role of government and to maximize the role of the private economy and maximize personal freedoms,” David Koch told the National Journal in May 1992.

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By Steve Paolo, October 4, 2011 at 7:36 pm Link to this comment
(Unregistered commenter)

How on GODS green Earth can you say that Jeff Imellt is responsible for the Fukishanima disater??
The KOchs are Asses and want NOTHING but to control the USA in time ~They are SOOOOO Far RIGTH its RIDICULOUS ~Now sure theres left wingers too ~I Agree but I dont see them doin anything Illegal YET ~Though im sure theres times they HAVE ~ THe KOCHS Consatnntly flaunt the Law and BUY Who they Can Thats why 45 % of our Congress are Millionaires ~THey didnt get that way by making $174,000 ~We ALL know that Congress is BOUGHT n PAID FOR PERIOD~TO me there ONE thing that will help ONLY and that is to GET MONEY PITTA POLITICS ~TY all STEVE

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By prisnersdilema, October 4, 2011 at 12:42 pm Link to this comment

I would’t jump to conclusions about the lack of criticism of those others you mentioned
based on this article alone…

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By Anita Hulluvacheck, October 4, 2011 at 11:52 am Link to this comment

I am so sick of left wing hypocrisy. The Kochs are evil but they are part of a big bi-partisan club. It is dishonest to harp on right wing criminality and ignore left wing criminality. The Obama administration is larded with corporate fat cats and corporate criminals that make the Kochs look like amateurs. Jeffrey Inmelt is responsible for the Fukishima disaster, the worst nuclear disaster in history, BP (who donated more to Obama than any other candidate) created the worst oil disaster in history. Summers, Dimon, Geitner,Bernanke and dozens more created the biggest economic disaster in history. Obama himself is responible for the destruction of the social safety net.Obama out bushes Bush.  Obama stands alone in his destruction of civil liberties and constitutional protections. Obama murdered an American citizen without due process and bragged about it.Drones are the most chickenshit weapon ever Obama is the droneking.The day that the Kochs commit a record shattering evil like an Obama crony will be the day you have a justification to single them out (as sick as it makes me to have say that) It is no coincidence that Obamas pal Bloomberg is behind this “expose” of the Kochs to distract from Obamas latest murder and Occupy WS protests. The funniest part of this “expose” is what it doesnt expose. The Kochs did some stuff years ago yawn… there is nothing newer than 08 and nothing more evil than doing business with Iran. That’s scandalous but the Obama administration is so corrupt that the Kochs look sorta quaint in comparison. Perp walk Dimon Summers Bernanke Inmelt BP and Geitner then we will be able to honestly criticize the Kochs. Until that day review the story of the mote and the beam.

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By prisnersdilema, October 4, 2011 at 11:28 am Link to this comment

You forgot to identify that the Kcoh brothers are conservatives, who use their money to
fund right wing nut jobs, and their right wing nut job causes.

Their larcenies are well documented, this is one of the reasons why they fund
conservatives, because conservatives favor deregulation which means they are free to
do what the like without fear of any prosecution no matter who they poison.

One can only hope that they piss someone off in Nigeria…and come to know that
sometimes evil gets it’s just reward in the end..

Sadly, this country no longer has a justice department that functions to protect it’s
citizens, but instead functions to protect corporate crooks.

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By Anita Hulluvacheck, October 4, 2011 at 11:15 am Link to this comment
(Unregistered commenter)

Dear Truthdig,
I am so sick of the hypocrisy. Why are we going after the Kochs and Ignoring Inmelt? Why are we going after the Kochs and ignoring the fact that BP gave more money to Obama than anyone. The Koch’s are evil but they are part of a large bi-partisan crowd of criminals. As much as the Kochs suck, how many of their disasters are the worst in history? Obamas boy Inmelt is responsible for the Fukishima disaster, the worst nuclear disaster in history and Obamas boys at BP created the worst oil disaster in history. Obamas pals Geitner, Summers, Dimon, Inmelt,engineered the worst economic crash in history. When the Koch’s match any one of these accomplishments let alone ALL of them then you will have a right to bitch.  Until that time, read the story of the mote and the beam. I am so sick of liberal hypocrisy I could puke. I expect it from the right but my own, Really??

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By SoTexGuy, October 4, 2011 at 9:19 am Link to this comment

Good luck seeing this discussed in depth on your TV set this evening.

Adios!

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