subgenius
27th January 2004, 09:49 AM
The sex is more acceptable than kid gloves treatment for a billion dollar S&L ripoff, or being in business with a commie.
HOUSTON -- In the annals of embarrassing presidential relatives, Neil Bush is no Billy Carter or Roger Clinton.
But his messy divorce has produced some eye-opening disclosures. Among them: He had sex with women who showed up uninvited at his hotel rooms in Asia; he had an affair and may have fathered a child out of wedlock; and he stands to make millions from businesses in which he has little expertise -- including a computer-chip company managed in part by the son of former Chinese president Jiang Zemin.
It is not the first time Neil Bush has caused his family some trouble. At the end of his father's presidency, Neil was among a group of defendants who agreed to pay $49.5 million to settle a negligence lawsuit over the $1 billion collapse of the savings and loan he directed in Colorado.
Bush denied wrongdoing and was not charged in the grand jury investigation, but the U.S. Office of Thrift Supervision found Bush's conduct "involved significant conflicts of interest and constituted multiple breaches" of his fiduciary duties.
Bush has gone on to reap profits from other ventures. In the deposition, he said he hoped to receive an estimated $2 million for acting as a consultant to Grace Semiconductor Manufacturing Corp., co-founded by Jiang Zemin's eldest son.
http://www.newsday.com/news/nationworld/nation/wire/sns-ap-neil-bush-divorce,0,185639.story?coll=sns-ap-nation-headlines
HOUSTON -- In the annals of embarrassing presidential relatives, Neil Bush is no Billy Carter or Roger Clinton.
But his messy divorce has produced some eye-opening disclosures. Among them: He had sex with women who showed up uninvited at his hotel rooms in Asia; he had an affair and may have fathered a child out of wedlock; and he stands to make millions from businesses in which he has little expertise -- including a computer-chip company managed in part by the son of former Chinese president Jiang Zemin.
It is not the first time Neil Bush has caused his family some trouble. At the end of his father's presidency, Neil was among a group of defendants who agreed to pay $49.5 million to settle a negligence lawsuit over the $1 billion collapse of the savings and loan he directed in Colorado.
Bush denied wrongdoing and was not charged in the grand jury investigation, but the U.S. Office of Thrift Supervision found Bush's conduct "involved significant conflicts of interest and constituted multiple breaches" of his fiduciary duties.
Bush has gone on to reap profits from other ventures. In the deposition, he said he hoped to receive an estimated $2 million for acting as a consultant to Grace Semiconductor Manufacturing Corp., co-founded by Jiang Zemin's eldest son.
http://www.newsday.com/news/nationworld/nation/wire/sns-ap-neil-bush-divorce,0,185639.story?coll=sns-ap-nation-headlines