Follow The Money
Revelations about the far-ranging business entanglements of GOP presidential hopeful Rudy Giuliani continue to put the former New York mayor on the hot seat.
The latest : As reported by Time Magazine, Giuliani’s private consulting firm, Giuliani Partners, received a $6.5 million windfall for helping a tech company called Seisint Inc. land government contracts for a massive data-mining program — a system the firm said could help fight terror by using supercomputers to store “billions of pieces of information from public records.”
The problem, write Time’s Michael Weiskopf and Massimo Calabresi, is that “the payment of percentages or commissions to ’solicit or secure’ government contracts is prohibited by federal law and laws of some states.”
An unnamed source at Giuliani Partners told the magazine that the firm had never received commissions, however, labeling the money instead as “special bonuses” that wouldn’t run afoul of federal law.
The latest : As reported by Time Magazine, Giuliani’s private consulting firm, Giuliani Partners, received a $6.5 million windfall for helping a tech company called Seisint Inc. land government contracts for a massive data-mining program — a system the firm said could help fight terror by using supercomputers to store “billions of pieces of information from public records.”
The problem, write Time’s Michael Weiskopf and Massimo Calabresi, is that “the payment of percentages or commissions to ’solicit or secure’ government contracts is prohibited by federal law and laws of some states.”
An unnamed source at Giuliani Partners told the magazine that the firm had never received commissions, however, labeling the money instead as “special bonuses” that wouldn’t run afoul of federal law.
posted by Kangaroo Brisbane Australia at 3:50 PM
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