White profited from co. hired during Rita
AUSTIN, Texas — Former Houston Mayor Bill White, who was widely praised for guiding his city through Hurricane Rita, acknowledged to The Associated Press that he made money off one one of the private companies he had enlisted for help.
The revelation comes as White, the Democratic candidate for Texas governor, released tax returns dating back to 2004, when he took the reins at Houston City Hall.
As the storm was walloping Houston in September 2005, White helped line up private companies to provide goods and services as part of a massive relief effort. One of those companies was Btec Turbines, where White had served on the board of directors. White said he called the company to help, and the company then got an emergency contract with the Coastal Water Authority.
A little more than a year later, White invested about $1 million in the privately held Btec, and has reported more than $500,000 in profit. .
Tuesday, June 8, 2010
Drip, drip... and so it begins... Bill White personally profited from Hurricane...
Jay Root has the first of what I am sure are to be many articles out there about how Bill White used his position as mayor of Houston to profit (link). Excerpt follows...
No wonder Bill White did not want to release this information, and no wonder he continues to hide other years of his taxes while he was in the Clinton administration in the Energy Department...
This is damning... and Bill White likely faces many more stories like this... his corruption is finally coming to light.