Saturday, January 03, 2004

I nearly missed this story, which ran in last Sunday's Washington Post: "The Relatively Charmed Life Of Neil Bush." Many of you know a lot of this stuff, but it's nicely fleshed out here: sleazy multi-million-dollar deals in several countries over several decades, sex with anonymous prostitutes, educational snake oil peddled to schools in underprivileged neighborhoods -- in short, everything you need to know about the man.

Or almost everything. CNN (via AP) now reports this:

President Bush's brother Neil made at least $798,218 on three stock trades in a small U.S. high-tech company where he had been a consultant, according to his tax returns, including $171,370 buying and selling the company's shares in a single day.

Neil Bush's big paydays in the stock of Kopin Corp. of Taunton, Massachusetts, included the July 19, 1999, purchase and quick sale of stock as the company announced good news about a new Asian client that sent its stock value soaring.

Bush said he did not have any inside information from Kopin, and simply acted on a recommendation from his financial adviser.

"Any increase in the price of the stock on that day was purely coincidental, meaning that I did not have any improper information," Bush said in e-mails to The Associated Press. "My timing on this transaction was very fortunate."


Oh, I'm sure it was.

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