Excerpt Washington Post report "McCain Bundler Assailed Over Fuel Deal ":
A leading House Democrat alleged yesterday that a top fundraiser for Republican presidential nominee Sen. John McCain has been involved in apparent war profiteering by inflating prices on jet fuel in defense contracts worth hundreds of millions of dollars.
The allegations surround the activities of Florida businessman Harry Sargeant III, founder of International Oil Trading Co. (IOTC) and a prolific donor to political candidates from both parties, though mostly Republicans. McCain's campaign Web site says Sargeant has raised at least $500,000 for his presidential bid.
...
"I have been conducting oversight of procurement problems in Iraq since the war began over five years ago," Waxman wrote. "The IOTC contracts stand out for the extent of the company's apparent profiteering. Of the $210 million in profits received by the company, at least one third -- $70 million -- appears to have benefited a single individual: Mr. Sargeant."
tags: john mccain campaign donations
links: digg this del.icio.us technorati reddit