My Photo
Name:
Location: Buda, Texas, United States

Technologist, entrepreneur, writer, idealist, activist. A lot of things in our country and world are screwed up right now (government corruption is a prime example), and we can either just watch things get worse or tackle the problems head-on. We need to choose the latter path.

Saturday, November 11, 2006

Norman Mineta's Public Financial Disclosures

This week I discovered what is the closest thing to a "smoking gun" I've found yet related to former USDOT Secretary Mineta's involvement in the traffic.com scandal.

FYI -- the founder of a conservative government corruption watchdog organization in Washington, DC (different from POGO, which I'm also working with) had earlier suggested that I obtain Mr. Mineta's Public Financial Disclosures from the U.S. Office of Government Ethics, which I did.

In reviewing these disclosures I found some very interesting things in Mr. Mineta's New Entrant, 2000, and 2001 disclosures, which I've put online here so that others (including the press) could access them easily.

I won't bore you with all the details, but just checkout these things:

1. That Mr. Mineta showed an income of "$100,001 to $1,000,000" in Trimble Navigation stock options in the 2000 report, but didn't provided details in Schedule B, which is where he should have disclosed securites transactions such as the exercise of stock options and sale of stock.

2. That many of Mr. Mineta's asset accounts significantly increased in value from 2000 to 2001, an increase that could not be attributed to any income or financial transactions he disclosed during that period.

3. That the signatures in the New Entrant and 2000 reports are identical, even thought one report was approved in January, 2001 and the other in April, 2002.

Once Mr. Mineta became Secretary of Transportation he very aggressively led the department into several new initiatives that had a major reliance on GPS technology, which just happens to be the technology market in which Trimble is a leader. Think there might just have been some connection between his windfall from Trimble options and his interest in (and support for) the technology Trimble specializes in when he became Secretary?

I've sent my analyses of Mr. Mineta's financial disclosures -- including those suspicious items -- to the FBI, several members of the press (including the Washington Post), the two different government corruption watchdog organizations, and the staff member for a leading Congressman who is known as a bulldog against government corruption and will be the Chairman of a key oversight committee come January.

Stay tuned -- change is coming!

Jerry

0 Comments:

Post a Comment

<< Home