Subject: Aviation General Inc Aviation General Inc > > [Sign Out, My Account] > Finance Home - Help > > Insider & Form 144 Filings - AL SABAH, MISHAL Y.S. > Last Updated > 13-Mar-03 > Enter symbol: > symbol lookup > > > > EDGAR Online: Get a Free Trial to EDGAR Online > Premium > | Full text Search > > > AL SABAH, MISHAL Y.S.: Declared Holdings > Company/Relationship Reported Shares Ownership > Aviation General Inc > Director > OTC BB:AVGE.OB > (historical quotes, profile, SEC, financials, other > insiders) 2001-04-02 not reported > > > Insider & restricted shareholder transactions > reported > over the last two years > Date Shares Stock Transaction ADVERTISEMENT > > > 2001-04-02 - > 2001-04-03 2,400 AVGE.OB Purchase at $0.937 per > share. > (Cost of $2,248) > Subject: Sec UR a com http://www.washingtonspectator.com/articles/20050215bushes_3.cfm Securacom got the $8.3 million World Trade Center security contract in October 1996 and received about $9.2 million from the WTC job from 1996 (a quarter of its revenues that year) to 1998. But in 1998, the company was "excused from the project" because it could not fulfill the work, according to former manager Al Weinstein, and the electronic security work at the WTC was taken over by EJ Electric, a larger contractor. Aviation General boasted of its international clientele. A 1996 press release announced its sale of airplanes to the National Civil Aviation Training Organization (NCATO) of Giza, Egypt, "the sole civilian pilot training organization in Egypt." The announcement mentioned "Sheik Mishal Yousef Saud Al Sabah" as "Chairman of KuwAm Corporation and board member of Commander Aircraft Company." NCATO also had contractual partnerships with several U.S. flight schools, including Embry-Riddle University in Florida. Embry-Riddle has not responded to questions about the partnership. Aviation General was de-listed on the Nasdaq exchange in October 2002 after filing for bankruptcy protection. Although, Stratesec and Aviation General were both troubled companies, with blatant managerial problems including litigation, tax arrears, and trouble paying vendors, both companies received substantial funding throughout the 1990s. On top of the massive capital infusion from the Kuwaitis, millions were generated through its Initial Public Offering statement in 1997, and revenues from large contracts. Stratesec also obtained capital from numerous investors. > > [Sign Out, My Account] > Finance Home - Help > > Insider & Form 144 Filings - AL SABAH, MISHAL Y.S. > Last Updated > 13-Mar-03 > Enter symbol: > symbol lookup > > > > EDGAR Online: Get a Free Trial to EDGAR Online > Premium > | Full text Search > > > AL SABAH, MISHAL Y.S.: Declared Holdings > Company/Relationship Reported Shares Ownership > Aviation General Inc > Director > OTC BB:AVGE.OB > (historical quotes, profile, SEC, financials, other > insiders) 2001-04-02 not reported > > > Insider & restricted shareholder transactions > reported > over the last two years > Date Shares Stock Transaction ADVERTISEMENT > > > 2001-04-02 - > 2001-04-03 2,400 AVGE.OB Purchase at $0.937 per > share. > (Cost of $2,248) > > Sun 26 Feb 2006 02:28 PM CST | Permanent Link An emailer reminds me that Judge Alito has already done a judicial favor for the Bush family: Back in the day, there was an extremely ill-managed security company, now defunct, named Stratesec. As some readers may recall, the company boasted in its SEC filings of fulfilling every big security need from fences to guards to armored vehicles to electronic badging and access control. The company succeeded in attracting a string of investors and backers, and from 1993 to 2000, its board of directors included Marvin P. Bush, youngest brother of George W. Bush. The company touted longstanding relationships to a few major security clients, and listed several of the biggest, some of whom paid millions for security services, on its public filings. The list of big names for several years, prominently displayed with illustrations on the IPO brochure, included the World Trade Center, Dulles and Reagan National Airports, and United Airlines. Stratesec started out as a company called Securacom. The original company was the well-regarded engineering firm Burns & Roe Securacom* which did some of the security detailing for the World Trade Center. However, in 1992 – soon after the first Gulf War -- Burns & Roe became Securacom: its management changed hands accompanying an infusion of capital from the ruling family of Kuwait, the Al Sabahs, two of whom joined its board. At this time Marvin Bush also joined the board, clearly connecting family and Al Sabah interests and presumably part of a bigger package of Bush family rewards after the U.S. kicked Iraq out of Kuwait. A former colleague of the head of the company, Wirt Dexter Walker III, suggested to me that Walker is a distant relative of the Bush family. While any blood relationship to the Bush Walkers would have to be remote (the first Wirt D. Walker, two generations ago, was based in Chicago; the second in McLean, Virginia, in the DIA), there is no doubt that the company, Kuwait’s Al Sabahs, and Bush financial interests were closely linked for years. Management and control at Wirt Walker’s other companies, a small airplane company named Commander Aircraft (also bankrupt) and a private investment firm named KuwAm (short for Kuwait-American Corporation), were inextricably linked to management and control at Securacom. All three companies were headquartered at the Watergate, in office space leased by the Saudi and Kuwaiti governments. Stratesec is bankrupt and no longer exists; Commander Aircraft later became Aviation General, also bankrupt; and the Watergate has been sold to new owners. The Watergate building also housed one of the numerous branches of Riggs Bank, which has been effectively dismantled by SEC action. The head of the SEC during this operation was longtime Bush supporter William O. Donaldson, a classmate of Jonathan Bush, uncle to George W. and a Riggs executive. Well-connected Riggs was widely considered to be an Agency bank (CIA) and was the bank used by about 95% of foreign embassies in Washington. Saudi accounts at Riggs were linked by investigators to some of the 9/11 hijackers. Mishal al Sabah, a younger member of the ruling al Sabah family, was a son of one Emir and son-in-law (then ex-son-in-law) of the Emir who recently died. Mishal al Sabah served as officer and director in all three of Wirt Walker’s companies off and on for years and even lived with Walker when he first came to the U.S. He is now abroad and unlikely to return to the U.S., according to private sources, since he faces arrest on contempt charges stemming from a federal civil lawsuit in which he and Walker are defendants. Walker is being sued in different cases in federal courts in D.C. and Georgia. By all accounts a colorful character, Walker is no stranger to lawsuits. Earlier he tried to force a company already named Securacomm to give up its name, similar to that of Securacom. He ended up losing the case (Securacomm v. Securacom) but not before engaging in some hardball tactics endorsed by the firm’s directors including Marvin Bush. (Incidentally, Marvin Bush has also been in another legal dispute over naming matters. TBC in another blog. Neither Bush nor the White House has responded to questions; Walker did speak with me more than once.) One of the few good days for Walker and Securacom in court occurred before a three-judge panel including Alito. This ruling did not ultimately cause a good outcome for the company but did figure in Walker’s SEC filings shortly afterward: http://caselaw.lp.findlaw.com/cgi-bin/getcase.pl?court=3rd&navby=case&no=992043P *No relation to this writer. Subject: Sec UR a com http://www.washingtonspectator.com/articles/20050215bushes_3.cfm Securacom got the $8.3 million World Trade Center security contract in October 1996 and received about $9.2 million from the WTC job from 1996 (a quarter of its revenues that year) to 1998. But in 1998, the company was "excused from the project" because it could not fulfill the work, according to former manager Al Weinstein, and the electronic security work at the WTC was taken over by EJ Electric, a larger contractor. Aviation General boasted of its international clientele. A 1996 press release announced its sale of airplanes to the National Civil Aviation Training Organization (NCATO) of Giza, Egypt, "the sole civilian pilot training organization in Egypt." The announcement mentioned "Sheik Mishal Yousef Saud Al Sabah" as "Chairman of KuwAm Corporation and board member of Commander Aircraft Company." NCATO also had contractual partnerships with several U.S. flight schools, including Embry-Riddle University in Florida. Embry-Riddle has not responded to questions about the partnership. Aviation General was de-listed on the Nasdaq exchange in October 2002 after filing for bankruptcy protection. Although, Stratesec and Aviation General were both troubled companies, with blatant managerial problems including litigation, tax arrears, and trouble paying vendors, both companies received substantial funding throughout the 1990s. On top of the massive capital infusion from the Kuwaitis, millions were generated through its Initial Public Offering statement in 1997, and revenues from large contracts. Stratesec also obtained capital from numerous investors. > > [Sign Out, My Account] > Finance Home - Help > > Insider & Form 144 Filings - AL SABAH, MISHAL Y.S. > Last Updated > 13-Mar-03 > Enter symbol: > symbol lookup > > > > EDGAR Online: Get a Free Trial to EDGAR Online > Premium > | Full text Search > > > AL SABAH, MISHAL Y.S.: Declared Holdings > Company/Relationship Reported Shares Ownership > Aviation General Inc > Director > OTC BB:AVGE.OB > (historical quotes, profile, SEC, financials, other > insiders) 2001-04-02 not reported > > > Insider & restricted shareholder transactions > reported > over the last two years > Date Shares Stock Transaction ADVERTISEMENT > > > 2001-04-02 - > 2001-04-03 2,400 AVGE.OB Purchase at $0.937 per > share. > (Cost of $2,248) > > > > > ++++++++++++++++++++++++++++++++++++++++++++++++++ Subject: Aviation General Inc Aviation General Inc > > [Sign Out, My Account] > Finance Home - Help > > Insider & Form 144 Filings - AL SABAH, MISHAL Y.S. > Last Updated > 13-Mar-03 > Enter symbol: > symbol lookup > > > > EDGAR Online: Get a Free Trial to EDGAR Online > Premium > | Full text Search > > > AL SABAH, MISHAL Y.S.: Declared Holdings > Company/Relationship Reported Shares Ownership > Aviation General Inc > Director > OTC BB:AVGE.OB > (historical quotes, profile, SEC, financials, other > insiders) 2001-04-02 not reported > > > Insider & restricted shareholder transactions > reported > over the last two years > Date Shares Stock Transaction ADVERTISEMENT > > > 2001-04-02 - > 2001-04-03 2,400 AVGE.OB Purchase at $0.937 per > share. > (Cost of $2,248) > > > > > > > _______________________________________________ Subject: oddsandends George W. Bush's brother was on the board of directors of a company providing electronic security for the World Trade Center, Dulles International Airport and United Airlines, according to public records. The company was backed by an investment firm, the Kuwait-American Corp., also linked for years to the Bush family. The security company, formerly named Securacom and now named Stratesec, is in Sterling, Va.. Its CEO, Barry McDaniel, said the company had a ``completion contract" to handle some of the security at the World Trade Center ``up to the day the buildings fell down." It also had a three-year contract to maintain electronic security systems at Dulles Airport, according to a Dulles contracting official. Securacom/Stratesec also handled some security for United Airlines in the 1990s, according to McDaniel, but it had been completed before his arriving on the board in 1998. McDaniel confirmed that the company has security contracts with the Department of Defense, including the U.S. Army, but did not detail the nature of the work, citing security concerns. It has an ongoing line with the General Services Administration - meaning that its bids for contracts are noncompetitive - and also did security work for the Los Alamos laboratory before 1998. Marvin P. Bush, the president's youngest brother, was a director at Stratesec from 1993 to fiscal year 2000. But the White House has not publicly disclosed Bush connections in any of its responses to 9/11, nor has it mentioned that another Bush-linked business had done security work for the facilities attacked. Marvin Bush joined Securacom when it was capitalized by the Kuwait-American Corporation, a private investment firm in D.C. that was the security company's major investor, sometimes holding a controlling interest. Marvin Bush has not responded to telephone calls and e-mails for comment. KuwAm has been linked to the Bush family financially since the Gulf War. One of its principals and a member of the Kuwaiti royal family, Mishal Yousef Saud al Sabah, served on the board of Stratesec. The managing director at KuwAm, Wirt D. Walker III, was also a principal at Stratesec, and Walker, Marvin Bush and al Sabah are listed in SEC filings as significant shareholders in both companies during that period. Marvin Bush's last year on the board at Stratesec coincided with his first year on the board of HCC Insurance, formerly Houston Casualty Co., one of the insurance carriers for the WTC. He left the HCC board in November 2002. But none of these connections has been looked at during the extensive investigations since 9/11. McDaniel says principals and other personnel at Stratesec have not been questioned or debriefed by the FBI or other investigators. Walker declined to answer the same question regarding KuwAm, referring to the public record. Walker is also chairman and CEO of Aviation General, a Tulsa, Okla.-based aviation company with two subsidiaries. SEC filings also show al Sabah as a principal and shareholder in Aviation General, which was recently delisted by the Nasdaq. Stratesec was delisted by the American Stock Exchange in October 2002. The suite in which Marvin Bush was annually re-elected, according to public records, is located in the Watergate in space leased to the Saudi government. The company now holds shareholder meetings in space leased by the Kuwaiti government there. The White House has not responded to various requests for comment. Speaking of the Watergate, Riggs National Bank, where Saudi Princess Al-Faisal had her ``Saudi money trail" bank account, has as one of its executives Jonathan Bush, an uncle of the president. The public has not learned whether Riggs - which services 95 percent of Washington's foreign embassies - will be turning over records relating to Saudi finance. Meanwhile, Bush has nominated William H. Donaldson to head the Securities and Exchange Commission. Donaldson, a longtime Bush family friend, was a Yale classmate of Jonathan Bush. On the very day of the tragic space shuttle crash, the government appointed an independent investigative panel, and rightly so. Why didn't it do the same on Sept. 12, 2001? ******************************************* Insider & Form 144 Filings - AL SABAH, MISHAL Y.S. Last Updated 13-Mar-03 Enter symbol: symbol lookup EDGAR Online: Get a Free Trial to EDGAR Online Premium | Full text Search AL SABAH, MISHAL Y.S.: Declared Holdings Company/Relationship Reported Shares Ownership Aviation General Inc Director OTC BB:AVGE.OB (historical quotes, profile, SEC, financials, other insiders) 2001-04-02 not reported Insider & restricted shareholder transactions reported over the last two years Date Shares Stock Transaction ADVERTISEMENT 2001-04-02 - 2001-04-03 2,400 AVGE.OB Purchase at $0.937 per share. (Cost of $2,248) ************************************************ Sun 26 Feb 2006 02:28 PM CST | Permanent Link An emailer reminds me that Judge Alito has already done a judicial favor for the Bush family: Back in the day, there was an extremely ill-managed security company, now defunct, named Stratesec. As some readers may recall, the company boasted in its SEC filings of fulfilling every big security need from fences to guards to armored vehicles to electronic badging and access control. The company succeeded in attracting a string of investors and backers, and from 1993 to 2000, its board of directors included Marvin P. Bush, youngest brother of George W. Bush. The company touted longstanding relationships to a few major security clients, and listed several of the biggest, some of whom paid millions for security services, on its public filings. The list of big names for several years, prominently displayed with illustrations on the IPO brochure, included the World Trade Center, Dulles and Reagan National Airports, and United Airlines. Stratesec started out as a company called Securacom. The original company was the well-regarded engineering firm Burns & Roe Securacom* which did some of the security detailing for the World Trade Center. However, in 1992 – soon after the first Gulf War -- Burns & Roe became Securacom: its management changed hands accompanying an infusion of capital from the ruling family of Kuwait, the Al Sabahs, two of whom joined its board. At this time Marvin Bush also joined the board, clearly connecting family and Al Sabah interests and presumably part of a bigger package of Bush family rewards after the U.S. kicked Iraq out of Kuwait. A former colleague of the head of the company, Wirt Dexter Walker III, suggested to me that Walker is a distant relative of the Bush family. While any blood relationship to the Bush Walkers would have to be remote (the first Wirt D. Walker, two generations ago, was based in Chicago; the second in McLean, Virginia, in the DIA), there is no doubt that the company, Kuwait’s Al Sabahs, and Bush financial interests were closely linked for years. Management and control at Wirt Walker’s other companies, a small airplane company named Commander Aircraft (also bankrupt) and a private investment firm named KuwAm (short for Kuwait-American Corporation), were inextricably linked to management and control at Securacom. All three companies were headquartered at the Watergate, in office space leased by the Saudi and Kuwaiti governments. Stratesec is bankrupt and no longer exists; Commander Aircraft later became Aviation General, also bankrupt; and the Watergate has been sold to new owners. The Watergate building also housed one of the numerous branches of Riggs Bank, which has been effectively dismantled by SEC action. The head of the SEC during this operation was longtime Bush supporter William O. Donaldson, a classmate of Jonathan Bush, uncle to George W. and a Riggs executive. Well-connected Riggs was widely considered to be an Agency bank (CIA) and was the bank used by about 95% of foreign embassies in Washington. Saudi accounts at Riggs were linked by investigators to some of the 9/11 hijackers. Mishal al Sabah, a younger member of the ruling al Sabah family, was a son of one Emir and son-in-law (then ex-son-in-law) of the Emir who recently died. Mishal al Sabah served as officer and director in all three of Wirt Walker’s companies off and on for years and even lived with Walker when he first came to the U.S. He is now abroad and unlikely to return to the U.S., according to private sources, since he faces arrest on contempt charges stemming from a federal civil lawsuit in which he and Walker are defendants. Walker is being sued in different cases in federal courts in D.C. and Georgia. By all accounts a colorful character, Walker is no stranger to lawsuits. Earlier he tried to force a company already named Securacomm to give up its name, similar to that of Securacom. He ended up losing the case (Securacomm v. Securacom) but not before engaging in some hardball tactics endorsed by the firm’s directors including Marvin Bush. (Incidentally, Marvin Bush has also been in another legal dispute over naming matters. TBC in another blog. Neither Bush nor the White House has responded to questions; Walker did speak with me more than once.) One of the few good days for Walker and Securacom in court occurred before a three-judge panel including Alito. This ruling did not ultimately cause a good outcome for the company but did figure in Walker’s SEC filings shortly afterward: http://caselaw.lp.findlaw.com/cgi-bin/getcase.pl?court=3rd&navby=case&no=992043P *No relation to this writer. Subject: 47varieties Securacom aka Stratesec installed the initial security-description plan—the layout of the electronic security system—at the World Trade Center. Securacom got the $8.3 million World Trade Center security contract in October 1996 and received about $9.2 million from the WTC job from 1996 (a quarter of its revenues that year) to 1998. Submitted by fedup 2005-12-06 08:40:13 But in 1998, the company was "excused from the project" because it could not fulfill the work, according to former manager Al Weinstein, and the electronic security work at the WTC was taken over by EJ Electric, a larger contractor. Stratesec was founded as Securacom (formerly the engineering firm Burns and Roe Securacom). It was reinvented shortly after the first Gulf War, and thereafter marketed large security contracts to big clients, including the World Trade Center, Washington's Reagan National Airport and Dulles International Airport, various municipalities and airlines. Subject: AKA-47 Securacom aka Stratesec installed the initial security-description plan—the layout of the electronic security system—at the World Trade Center. Securacom got the $8.3 million World Trade Center security contract in October 1996 and received about $9.2 million from the WTC job from 1996 (a quarter of its revenues that year) to 1998. Submitted by fedup 2005-12-06 08:40:13 But in 1998, the company was "excused from the project" because it could not fulfill the work, according to former manager Al Weinstein, and the electronic security work at the WTC was taken over by EJ Electric, a larger contractor. Stratesec was founded as Securacom (formerly the engineering firm Burns and Roe Securacom). It was reinvented shortly after the first Gulf War, and thereafter marketed large security contracts to big clients, including the World Trade Center, Washington's Reagan National Airport and Dulles International Airport, various municipalities and airlines. > [Sign Out, My Account] > Finance Home - Help > > Insider & Form 144 Filings - AL SABAH, MISHAL Y.S. > Last Updated > 13-Mar-03 > Enter symbol: > symbol lookup > > > > EDGAR Online: Get a Free Trial to EDGAR Online > Premium > | Full text Search > > > AL SABAH, MISHAL Y.S.: Declared Holdings > Company/Relationship Reported Shares Ownership > Aviation General Inc > Director > OTC BB:AVGE.OB > (historical quotes, profile, SEC, financials, other > insiders) 2001-04-02 not reported > > > Insider & restricted shareholder transactions > reported > over the last two years > Date Shares Stock Transaction ADVERTISEMENT > > > 2001-04-02 - > 2001-04-03 2,400 AVGE.OB Purchase at $0.937 per > share. > (Cost of $2,248) > > Subject: Odd Friends Securacom's Friends Stratesec Securacom was renamed Stratesec. (1 rating) 911 Securacom aka Stratesec installed the initial security-description plan—the layout of the electronic security system—at the World Trade Center. Securacom got the $8.3 million World Trade Center ... (1 rating) Mishal Al Sabah Securacom did security detailing for the World Trade Center. In 1992 Burns & Roe became Securacom: its management changed hands accompanying an infusion of capital from the ruling family of Kuwait, t... (0 ratings) > [Sign Out, My Account] > Finance Home - Help > > Insider & Form 144 Filings - AL SABAH, MISHAL Y.S. > Last Updated > 13-Mar-03 > Enter symbol: > symbol lookup > > > > EDGAR Online: Get a Free Trial to EDGAR Online > Premium > | Full text Search > > > AL SABAH, MISHAL Y.S.: Declared Holdings > Company/Relationship Reported Shares Ownership > Aviation General Inc > Director > OTC BB:AVGE.OB > (historical quotes, profile, SEC, financials, other > insiders) 2001-04-02 not reported > > > Insider & restricted shareholder transactions > reported > over the last two years > Date Shares Stock Transaction ADVERTISEMENT > > > 2001-04-02 - > 2001-04-03 2,400 AVGE.OB Purchase at $0.937 per > share. > (Cost of $2,248) > > > > >