Firestarter
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- Aug 1, 2016
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It looks like Soros-associated, "green" oil billionaire Maurice Strong has been caught in 3 blatant cases of corruption...
There is also a connection to Al Gore and the little known at the time Barack Obama!
In 1995, Strong headed a Massachusetts-based company called Molten Metal Technology, Inc. (MMTI), which lied to have invented a process for recycling metals from waste. MMTI’s registered lobbyist was Peter Knight, who had also been Al Gore’s Senate aide.
MMTI's market value was boosted by more than $25 million in grants from Clinton's US Department of Energy (DOE). On “Earth Day” in April 1995, Gore travelled to MMTI’s headquarters and praised the firm for its environmentally responsible work. Even though the company had no sources of revenue, besides the taxpayer's funded research, Gore’s praise caused its stock value to soar to $35 per share.
In March 1996, MMTI’s executives learned that the DOE was planning to drastically cut back its funding. So from March to October 1996, 7 MMTI officers — including Maurice Strong — quietly sold off $15.3 million in shares in the company (for the inflated about $35 per share).
On 20 October 1996, MMTI issued a press release that its DOE subsidies would be cut dramatically. The next day, MMTI’s stock plunged by 49%, later dropping to $5 per share.
In early 1997, stockholders filed an insider-trading lawsuit against MMTI and its officers that closely resembled an earlier insider-trading lawsuit, involving the Swiss company AZL Resources and large shareholder Maurce Strong...
Strong and the other AZL partners settled that case for $5 million. Apparently Strong and co. had inflated the company stock price, before quietly selling.
In 2000 and 2001, the Joyce Foundation, made a $1.1 million grant to establish the Chicago Climate Exchange (CCX).
The Joyce Foundation board featured one Barack Obama, while Maurice Strong became one of CCX’s directors.
In 2005, Maurice was caught getting some bribes, "Investigations into the UN’s Oil-for-Food-Program found that Strong had endorsed a cheque for $988,885 made out to M. Strong — issued by a Jordanian bank. The man who gave the cheque, South Korean business man Tongsun Park, was convicted in 2006 in a US Federal court of conspiring to bribe UN officials. Strong resigned and fled to Canada and thence to China where he has been living ever since".
Apparently Strong had received these bribes in 1997, coming from Saddam Hussein's former deputy prime minister Tariq Aziz. While Strong was never accused of any wrongdoing (why not?), he did resign from the UN though (moving to communist China): https://www.discoverthenetworks.org/individuals/maurice-strong/
(https://archive.is/ZyvYa)
There is also a connection to Al Gore and the little known at the time Barack Obama!
In 1995, Strong headed a Massachusetts-based company called Molten Metal Technology, Inc. (MMTI), which lied to have invented a process for recycling metals from waste. MMTI’s registered lobbyist was Peter Knight, who had also been Al Gore’s Senate aide.
MMTI's market value was boosted by more than $25 million in grants from Clinton's US Department of Energy (DOE). On “Earth Day” in April 1995, Gore travelled to MMTI’s headquarters and praised the firm for its environmentally responsible work. Even though the company had no sources of revenue, besides the taxpayer's funded research, Gore’s praise caused its stock value to soar to $35 per share.
In March 1996, MMTI’s executives learned that the DOE was planning to drastically cut back its funding. So from March to October 1996, 7 MMTI officers — including Maurice Strong — quietly sold off $15.3 million in shares in the company (for the inflated about $35 per share).
On 20 October 1996, MMTI issued a press release that its DOE subsidies would be cut dramatically. The next day, MMTI’s stock plunged by 49%, later dropping to $5 per share.
In early 1997, stockholders filed an insider-trading lawsuit against MMTI and its officers that closely resembled an earlier insider-trading lawsuit, involving the Swiss company AZL Resources and large shareholder Maurce Strong...
Strong and the other AZL partners settled that case for $5 million. Apparently Strong and co. had inflated the company stock price, before quietly selling.
In 2000 and 2001, the Joyce Foundation, made a $1.1 million grant to establish the Chicago Climate Exchange (CCX).
The Joyce Foundation board featured one Barack Obama, while Maurice Strong became one of CCX’s directors.
In 2005, Maurice was caught getting some bribes, "Investigations into the UN’s Oil-for-Food-Program found that Strong had endorsed a cheque for $988,885 made out to M. Strong — issued by a Jordanian bank. The man who gave the cheque, South Korean business man Tongsun Park, was convicted in 2006 in a US Federal court of conspiring to bribe UN officials. Strong resigned and fled to Canada and thence to China where he has been living ever since".
Apparently Strong had received these bribes in 1997, coming from Saddam Hussein's former deputy prime minister Tariq Aziz. While Strong was never accused of any wrongdoing (why not?), he did resign from the UN though (moving to communist China): https://www.discoverthenetworks.org/individuals/maurice-strong/
(https://archive.is/ZyvYa)