Reply #63: Karl Schwartz's special report on Sinclair [View All]

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Special Report

Sinclair is more than broadcasting
Sinclair's connections explains the Kerry hit piece it wanted to broadcast

By Karl W. B. Schwarz
Online Journal Contributing Writer

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October 20, 2004—Many Americans do not know that before his days of crime at Enron, Andy Fastow was intimately involved in another "American Energy and Finance Scam" named Penn Central and that sleazy deal wound up toppling Continental Illinois Bank at a taxpayer costs of billions.

Andy Fastow was an employee at Continental Illinois Bank and learned his "Special Purpose Entity (SPE)" skills from Michael Milken and others and was hired by Enron because he did so well at hiding stuff at Continental Illinois. In short, he was a trained and "uncaught" criminal already that was recruited to Enron to do the same.

Mayer Brown Rowe & Maw (Richard Ben Veniste's law firm and him on the 9-11 Commission) prides itself in offshore SPEs to circumvent US law (ask Cheney), hide assets, offshore games, SPEs, etc., and was the major law firm representing Enron. Probably are still representing Cayman Islands based Prisma Energy International. Many of those Fastow SPEs were Cayman Islands entities.

Most Americans do not know that Continental Illinois was based in Chicago, and so are the law firms of Mayer Brown, Rowe & Maw (Richard Ben Veniste, 9-11 Commission) and Winston Strawn (former Illinois Republican Governor James Thompson, also 9-11 Commission member).

If you look under Prisma Energy International—"Corporate Governance"—there are many former Enron International and Halliburton people involved in the post-bankruptcy Enron. This is an excellent example of the "hired help" stealing the company from its owners (shareholders and vested employees).

The reason that I point this out is that I learned many years ago to dig deeper than one inch to effect "due diligence" and know the facts.

We have a situation where Sinclair Broadcasting had made it clear they intended to run a very negative film documentary about John Kerry, titled Stolen Honor. Now, that could be partisanship, or maybe there is a "highly-motivated party" here in Sinclair as to why they are taking such actions. They have come before this nation without clean hands and I will show you why that is so.

Dig deep folks and always–follow the money.

"FOLSOM, Calif., Sept. 28 /PRNewswire/ﾗJadoo Power Systems, Inc (Jadoo), a leading provider of portable power products, was awarded a contract to develop power systems for the US Special Operations Command (SOCOM). The program's goal is to reduce the weight of energy storage carried in the field by the Special Forces . . ."

While the award of a government contract is not always newsworthy, a closer look reveals this:

"Jadoo Power Systems, Inc. (Jadoo) is a market-focused company that has developed next-generation portable energy storage and power generation products. Jadoo is a privately-held company with individual and organizational investors."

The two investors listed are:

1. Sinclair Ventures: a wholly owned subsidiary of Sinclair Broadcast Group, Inc. and

2. Contango Capital Management: formed to bring capital to innovative entrepreneurs who are working hard to answer the energy challenges facing our world today and in the near future.

http://www.onlinejournal.com/Special_Reports/102004Schwarz/102004schwarz.html