November 23, 2007

Vinod Gupta ~ Remember The Name

I realize that the name Vinod Gupta is not exactly a household name, not one that flows easily from most folks.  But, it is a name you should remember, because in the next few months, Mr. Gupta is going to have to answer to quite a few questions from the Securities and Exchange Commission.

It seems as the founder of InfoUSA, a firm that provides data processing services, has directed his staff and his assets to support the candidacy of one Hillary Clinton.  Oh noes you say!  Oh yes says I.

Gupta's firm has been requested to "voluntarily" submit

...documents relating to related party transactions, expense reimbursement, other corporate expenditures and certain trading in the Company's securities."
My my!  I wonder what this doth portend.

According to the Washington Post (linked to above)

Two sources familiar with the company's troubles suggested that investigators would focus their attention on executives' use of company money to feather their own nests. Gupta has been a major financial supporter of the Clintons since he met the president in the mid-1990s. Gupta and his company donated $1 million to help underwrite a lavish year 2000 New Year's Eve celebration at the White House and on the Mall.

He paid the former president $200,000 to deliver a speech to InfoUSA executives in Papillion, Neb., and signed the former president to a $3.3 million consulting deal. For the past four years, both Clintons have used Gupta's corporate plane, flying to Switzerland, Hawaii, Jamaica and Mexico -- about $900,000 worth of travel, The Post reported in May.

  Can you say "Culture of Corruption" children?  Or perhaps "Decade of Greed?"

H/T Fausta

Posted at 01:55 PM | Comments (10) | Add Comment
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1 Vinod Gupta, now there is a name you can't forget... just so much money and so little time to donate it that he had to get his children to donate some for him.  Such a swell guy!

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