Posted 4 years ago on June 5, 2012, 12:50 a.m. EST by TrevorMnemonic
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Report: Koch Brothers Made Sales to Iran By Rachel Elson
An extensive investigation in Bloomberg Markets magazine finds that Koch Industries has made multiple 'improper payments' (read: bribes) to win business in Africa, India and the Middle East; rigged prices with competitors; and used foreign subsidiaries to sell equipment to Iran. (Read the full story here - http://www.bloomberg.com/news/2011-10-02/koch-brothers-flout-law-getting-richer-with-secret-iran-sales.html
According to the Bloomberg report, the company had a widespread culture of cheating and deception. Sally Barnes-Soliz, who's now an investigator for the State Department of Labor and Industries in Washington, says that when she worked for Koch, her bosses and a company lawyer at the Koch refinery in Corpus Christi, Texas, asked her to falsify data for a report to the state on uncontrolled emissions of benzene, a known cause of cancer. Barnes-Soliz, who testified to a federal grand jury, says she refused to alter the numbers.
"They didn't know what to do with me," she says. "They were really kind of baffled that I had ethics." The company is a massive conglomerate with operations in oil, chemicals, textiles, trading and consumer goods -- including Dixie cups, Brawny paper towels and Quilted Northern bath tissue, which are all made by Koch subsidiary Georgia- Pacific.
Charles and David Koch tied for fourth place on this year's Forbes 400 list of the richest Americans, with an estimated net worth of $25 billion each.
Over the last 5 years, Bloomberg found, Koch Industries has spent more than $50 million on lobbying Washington to fight derivatives regulation and greenhouse gas limits.
Bloomberg Markets says neither brother agreed to be interviewed for the article.