Mar 7, 2022 ... MANILA -- Cerberus Capital Management, a U.S. private equity company, is poised to take over the bankrupt Hanjin shipyard, which is ...
As another Lame Cherry exclusive in matter anti matter.
If you remember Nicholas Cage in Lord of War, you received a glimpse of how the American security state funds certain enterprises. While you were watching Ukraine being a corporate takeover, there was another one which has been manifesting which is just as immense for war profits in Japan and the Philippines.
Here is a bit of a history of this Lord of the Jews.
*******************2007********************
"Feinberg, who is 47, sports thinning brown hair and a wispy mustache. Without any notes, he launches into a meandering speech. Between long pauses, he wends his way through market analyses that seem deliberately vague. At the heart of his speech, he sums up the philosophy that guides his company: Reveal as little as necessary; be anonymous; be invisible. “We try to hide religiously,” he says. “If anyone at Cerberus has his picture in the paper and a picture of his apartment, we will do more than fire that person. We will kill him. The jail sentence will be worth it.” There are a few nervous laughs."
http://www.danielroth.net/archive/2007/08/cerberuschrysle.html
*******************2009********************"The announcement was excellent news for DynCorp, which has been consistently winning government war-zone work from competitors like Blackwater USA and KBR that have had trouble in Iraq. DynCorp is counting on the expanding war in Afghanistan to provide corporate growth and was bracing for a potential challenge from KBR. It is now likely that within six months DynCorp will begin working on a five-year, $5.9 billion deal awarded in July to logistically support U.S. troops in southern Afghanistan.
...
DynCorp has emerged as one of the big winners of the wars in Iraq and Afghanistan, which now generate 53% of DynCorp's $3.1 billion of annual revenue. The company's revenue grew 45% last year thanks to a 51%-owned joint venture that has a multiyear $4.6 billion contract to supply 9,100 linguists to translate for U.S. soldiers in Iraq.
...
The man who benefits the most from all this is Robert McKeon, DynCorp's chairman and head of private equity firm Veritas Capital, who Forbes recently revealed owns one-quarter of DynCorp."
https://www.commondreams.org/news/2009/07/31/dyncorp-takes-afghanistan-kbr-and-blackwater-get-shut-out-dyncorp-profits-afghan-war
"Feinberg was saved by Obama. Although the U.S. government’s 2009 automotive-industry bailout forced Cerberus to devalue its holdings in the two firms, Cerberus was able to salvage what could have been a total loss. GMAC was converted into Ally Financial, the online bank, and Feinberg’s patriotic stake in Chrysler ended up with the Italian carmaker Fiat.
Perhaps no single person benefited more from the automotive-industry bailout than Stephen Feinberg, who, in all other respects, was a conservative. He had contributed to numerous Republican political campaigns. In 1999, he had appointed Vice-President Dan Quayle chairman of the global divisions of his firm, despite Quayle’s confessed lack of business experience. (Quayle was supposedly still respected in Asia, where Cerberus did a lot of business and where his malapropisms didn’t translate.) In 2006, he had hired George W. Bush Cabinet appointee John Snow as co-chairman shortly after the Treasury secretary resigned.
...
Fortunately — for him, at least — there was one thing that always, infallibly, drove gun sales through the ceiling: a mass shooting."
http://nymag.com/daily/intelligencer/2016/11/a-billionaires-dreams-of-creating-a-guns-empire.html
*******************2010********************
April 2010--
"Private investment firm Cerberus Capital Management, LP has reached a $1.5 billion deal to buy the support and security contractor DynCorp International, including the assumption of debt."
https://www.defenseindustrydaily.com/Cerebus-to-Buy-Dyncorp-06313/
*******************2011********************
"DynCorp International settled a False Claims Act whistleblower lawsuit alleging it and its subcontractor, The Sandi Group (TSG), submitted or caused to be submitted false claims for payment under DynCorp’s contract with the State Department to provide civilian police training in Iraq. DynCorp agreed to pay the United States $7.7 million to resolve allegations that it submitted inflated claims for the construction of container camps at various locations in Iraq."
https://www.contractormisconduct.org/misconduct/1599
*******************2014********************
"State Department investigators last year quit probing kickback charges against one of the government’s largest military contractors because they didn’t want to go through the “lengthy” process of getting permission from the Iraqi government to interview its citizens, records show.
The decision left unresolved accusations of whether DynCorp let a subcontractor solicit kickbacks from linguists at Baghdad’s police academy as a condition of continued employment. The company was hired under a nearly $1 billion task order to provide linguists to work in three Iraqi cities.
But the State Department inspector general’s office shut the case after investigators decided it wasn’t worth going through the process of complying with a June 2012 Iraqi government policy that restricted “all interviews of Iraqi citizens without submission of a request through official political channels.”"
https://www.washingtontimes.com/news/2014/sep/23/iraq-stymied-state-department-probe-into-military-/
*******************2016********************
"Officers of any firm that manages money for Indiana’s pension fund are not allowed to donate to Donald Trump’s presidential campaign.
That’s because the state’s pension fund is controlled by Donald Trump’s running mate, Gov. Mike Pence. Pay-for-play regulations established by the Securities and Exchange Commission prohibit firms handling pension fund money from using campaign donations to influence officials who oversee their contracts.
But Stephen Feinberg, the billionaire chief executive of Cerberus Capital Management, a firm with a major contract to manage Indiana’s retirement money, donated $500,000 to help elect the Trump-Pence ticket nonetheless.
...
According to the law firm Sidley Austin, which published a fact sheet on the pay-to-play rule, Pence appoints the trustees of the Indiana pension system, a power that triggers the SEC rule on campaign contributions. Pensions & Investment, an industry trade publication, has also pointed out that a number of Trump-supporting hedge fund managers, including Feinberg, face restrictions because they manage Indiana’s pension money."
https://theintercept.com/2016/10/25/pension-trump-pence/
"But since Pence is the sitting Indiana governor, his selection may also raise complex legal questions for some Trump supporters who've managed money for the state, including the billionaires Wilbur Ross, Stephen Feinberg, and Tom Barrack.
All three run private-equityfirms that are listed as vendors in the Indiana Public Retirement System's 2015 annual report. A Securities and Exchange Commission rule sets limits on contributions to political candidates who control investment decisions, either directly or indirectly."
https://www.detroitnews.com/story/news/politics/2016/07/16/pence-pick-raises-questions-wall-street-donors/87207492/
"Tom Barrack, a real estate investor and longtime friend of Trump’s, has assisted the PAC with fundraising, though he told CNN that he would have no formal role with the group. Barrack is also “close personal friends” with Trump’s campaign chairman and chief strategist, Paul Manafort, according to a bio provided to the Associated Press by Barrack’s publicist. Barrack recently hosted a large fundraiser for the candidate.
According to CNN, Barrack said that the “principal operatives” running the group will be Laurance Gay, an ally of Manafort, who will serve as managing director, and Ken McKay, a senior advisor to the Trump campaign and Chris Christie’s former campaign manager.
Ryan Call, Rebuilding America Now’s treasurer, is an attorney at Hale Westfall, LLP. He served as Colorado Republican State Chairman from 2011 to 2015."
https://www.factcheck.org/2016/06/rebuilding-america-now/
*******************2017********************
"Retired Marine Gen. John Kelly has agreed to resign from defense contractor DynCorp., which paid him $166,000 as an adviser, and to step down from a series of Washington consulting firms if he's confirmed as secretary of Homeland Security..."
https://www.politico.com/story/2017/01/john-kelly-resign-dhs-contractor-233410
"An avid big-game hunter, Feinberg, 56, has forged a friendship with Trump’s son Donald Jr., who shares the hobby, according to a person with knowledge of the matter. He’s also close with Peter Thiel, an influential Trump adviser, another person said.
After backing Jeb Bush in last year’s Republican presidential primaries, Feinberg became one of the earliest Wall Street financiers to throw his support behind Trump after he clinched the nomination. Feinberg and his wife gave about $2.2 million to pro-Trump groups, far more than they’ve shelled out for other candidates, and co-hosted a $50,000-a-plate fundraiser at Manhattan’s Le Cirque restaurant in June.
...
Like most big defense contractors, DynCorp employs a stable of retired military officers. John F. Kelly, a former Marine Corps general, became an adviser last year and agreed to step down from the role when he became Trump’s Homeland Security secretary last month."
https://www.bloomberg.com/news/articles/2017-02-16/at-cerberus-feinberg-built-a-web-of-national-security-contacts
"Until last week, the White House was weighing a plan to bring in Stephen A. Feinberg, a co-founder of Cerberus Capital Management and a friend of Mr. Bannon and Mr. Kushner, to lead a White House review of the intelligence community.
Stiff resistance from Mr. Coats and Mike Pompeo, the director of the Central Intelligence Agency — aided by pushback from allies in the Senate and even Mr. Pence — appears to have derailed the plan. Mr. Feinberg is now in discussions with administration officials to take on a still-undetermined role in defense, rather than intelligence, according to several people familiar with the matter."
https://www.nytimes.com/2017/03/09/us/politics/trump-coats-national-intelligence.html
"Erik D. Prince, a founder of the private security firm Blackwater Worldwide, and Stephen A. Feinberg, a billionaire financier who owns the giant military contractor DynCorp International, have developed proposals to rely on contractors instead of American troops in Afghanistan at the behest of Stephen K. Bannon, Mr. Trump’s chief strategist, and Jared Kushner, his senior adviser and son-in-law, according to people briefed on the conversations.
On Saturday morning, Mr. Bannon sought out Defense Secretary Jim Mattis at the Pentagon to try to get a hearing for their ideas, an American official said. Mr. Mattis listened politely but declined to include the outside strategies in a review of Afghanistan policy that he is leading along with the national security adviser, Lt. Gen. H. R. McMaster."
https://www.nytimes.com/2017/07/10/world/asia/trump-afghanistan-policy-erik-prince-stephen-feinberg.html
"Stephen A. Feinberg, a billionaire financier who is informally advising Mr. Trump on Afghanistan, is also looking into ways to exploit the country’s minerals, according to a person who has briefed him. Mr. Feinberg owns a large military contracting firm, DynCorp International, which could play a role in guarding mines — a major concern, given that some of Afghanistan’s richest deposits are in areas controlled by the Taliban.
In 2010, American officials estimated that Afghanistan had untapped mineral deposits worth nearly $1 trillion, an estimate that was widely disputed at the time and has certainly fallen since, given the eroding price of commodities. But the $1 trillion figure is circulating again inside the White House, according to officials, who said it had caught the attention of Mr. Trump.
...
Vice President Mike Pence, not General McMaster, will lead a meeting Wednesday of National Security Council principals on Afghanistan. Some officials said that reflected General McMaster’s isolation; others said that the general welcomed Mr. Pence’s involvement and that the two were closely aligned on the policy."
https://www.nytimes.com/2017/07/25/world/asia/afghanistan-trump-mineral-deposits.html
********************Awarded Contracts During Trump Admin****************
"DynCorp Awarded Air Force War Reserve Materiel Support Contract
Posted By: Scott Nicholason: January 24, 2017
DynCorp International has won a $26.5 million contract to provide exercise and contingency logistics support, maintenance outload, reconstitution and storage services for the U.S. Air Force‘s war reserve materiel."
http://blog.executivebiz.com/2017/01/dyncorp-awarded-air-force-war-reserve-materiel-support-contract/
"DynCorp Wins $124M Contract for Logistics Support to Govt-Owned Transport Aircraft
Mary-Louise Hoffman June 1, 2017
DynCorp International has won a potential $124.5 contract from the U.S. Army to provide logistics support for government-owned, fixed-wing transport aircraft platforms.
The Defense Department said Wednesday the company will support C-12, C-26 and UC-35 fleets and provide limited services to T-6 military trainers under the firm-fixed-price contract."
https://www.govconwire.com/2017/06/dyncorp-wins-124m-contract-for-logistics-support-to-govt-owned-transport-aircraft/
"The company won a much-needed aircraft maintenance services contract in June with the Army that has a ceiling value of $795.3 million over six years and is worth $124.5 million in the initial base year."
https://washingtontechnology.com/articles/2017/07/14/dyncorp-krivo-new-ceo.aspx
"DynCorp Lands $217M Contract Modification to Extend US Army Support in Afghanistan
Scott Nicholas July 26, 2017
DynCorp International has received a one-year, $217 million task order modification to continue to provide base life support and maintenance services for U.S. Army personnel in Afghanistan."
https://www.govconwire.com/2017/07/dyncorp-lands-217m-contract-modification-to-extend-us-army-support-in-afghanistan/
"DynCorp Issued $75M Contract Change Order to Support US Relief Operations in Puerto Rico
Posted By: Joanna Crewson: October 12, 2017
DynCorp International has received a contract change order worth an estimated $75 million to provide base camp support over the next three months for U.S. military and civilian personnel conducting relief operations in Puerto Rico following Hurricane Maria."
http://blog.executivebiz.com/2017/10/dyncorp-issued-75m-contract-change-order-to-support-us-relief-operations-in-puerto-rico/
"DynCorp to Provide Base Support at Army Garrison Kwajalein Atoll
Anna Forrester March 9, 2018
DynCorp International will provide base operations and maintenance support services to a U.S. Army garrison in the Marshall Islands under a $43.1 million award..."
https://www.govconwire.com/2018/03/dyncorp-to-provide-base-support-at-army-garrison-kwajalein-atoll/
Marilyn Danilou??
"Another contract that could be in jeopardy is DynCorp’s base operations work in the Philippines — a five-year contract for which the company won its final option in June."
https://www.bizjournals.com/washington/news/2016/10/24/dyncorp-gearing-up-for-challenging-2017-of.html
"McLean-based DynCorp International Inc. has alleged that AAR Airlift Group Inc. — a subsidiary of Illinois-based AAR Corp. — stole DynCorp’s trade secrets to win an 11-and-a-half-year, $10 billion contract with the State Department.
...
It’s true that DynCorp has suffered financial troubles over the last several years — which would be only be inflamed with the loss of the WASS contract. Since 2012, revenue has fallen from more than $4 billion to well below $2 billion — driven mostly by the U.S. troop draw down in Afghanistan where the company performed logistics work during the height of the war."
https://www.bizjournals.com/washington/news/2017/02/28/dyncorp-says-aar-should-be-disqualified-from-state.html
*********************Ongoing Issues*********************
"Maj. Gen. James Grazioplene faces six charges for alleged rapes that happened in 1983 and 1989, the Army announced Friday.
...
Before retiring in 2005, he worked as the the director of force development in the Pentagon’s Joint Warfighting Capabilities Assessment.
Grazioplene’s LinkedIn page says that after leaving the military he has worked with the military contractors DynCorp International and Mission Readiness LLC."
http://www.nydailynews.com/news/national/retired-u-s-army-general-charged-rape-minor-80s-article-1.3062560
2001
"DynCorp also operates in Bolivia and Peru, in conflict zones where indigenous coca growers feel U.S. drug operations encroach on their cultural use of coca and their economic livelihood. In Peru these areas also face renewed activity of Shining Path guerillas. But by far the largest DynCorp operations are in Colombia, and according to its contract with the State Department, it has a "command and control" function in the field, apparently outside any government oversight.
DynCorp's shroud of secrecy has the potential for giving cover to a wide range of activities outside stated US policy objectives. DynCorp is contracted to help eliminate drug production in Colombia. But a DEA document (see image), recently obtained under the Freedom of Information Act, stated that on May 12, 2000 the Colombian National Police intercepted a FedEx parcel at the airport. It was sent from the Bogota DynCorp site and destined for DynCorp's office on Patrick Air Force Base in Florida. The name of the sender has been blacked out. The 250 Gram liquid "tested positive for heroin," according to the DEA. "My understanding is that was a faulty test result," DynCorp spokesperson Wineriter told CorpWatch."
http://www.corpwatch.org/article.php?id=672
2004 - unconfirmed video of solicitation in colombia, dyncorp contractors at tolemaida afb
1999-2002
"US: DynCorp Disgrace
by Kelly Patricia O'Meara, Insight Magazine January 14th, 2002
Middle-aged men having sex with 12- to 15-year-olds was too much for Ben Johnston, a hulking 6-foot-5-inch Texan, and more than a year ago he blew the whistle on his employer, DynCorp, a U.S. contracting company doing business in Bosnia."
http://www.corpwatch.org/article.php?id=11119
2004-2008
"In 2004, DynCorp won a government contract to provide support to troops in Iraq and worked with The Sandi Group as a subcontractor to fulfill its contract obligations from 2004-2008. In the lawsuit, the government alleges that The Sandi Group billed DynCorp at inflated rates for four years and DynCorp knowingly passed along these inflated rates to the State Department.
The full article, "DOJ has Sued DynCorp for Fraud. Here's Why that's Such Bad News for the Company." was published by the Washington Business Journal on July 22, 2016, and is available online."
http://www.bassberry.com/news/2016/07/government-fca-case-against-dyncorp-international
2009-2010
"WikiLeaks: Texas Company Helped Pimp Little Boys To Stoned Afghan Cops
Another international conflict, another horrific taxpayer-funded sex scandal for DynCorp, the private security contractor tasked with training the Afghan police.
Many of DynCorp's employees are ex-Green Berets and veterans of other elite units, and the company was commissioned by the US government to provide training for the Afghani police. According to most reports, over 95 percent of its $2 billion annual revenue comes from US taxpayers.
And in Kunduz province, according to the leaked cable, that money was flowing to drug dealers and pimps. Pimps of children, to be more precise. (The exact type of drug was never specified.)
Since this is Afghanistan, you probably already knew this wasn't a kegger. Instead, this DynCorp soiree was a bacha bazi ("boy-play") party, much like the ones uncovered earlier this year by Frontline."
http://www.houstonpress.com/news/wikileaks-texas-company-helped-pimp-little-boys-to-stoned-afghan-cops-6718414
https://wikileaks.org/clinton-emails/emailid/15526
2014 Fired the whistleblower after convincing him to betray his other company:
"DynCorp International Inc. has dismissed its chief executive less than three weeks after he moved to the company from L-3 Communications Holdings Inc., LLL -2.91% a rival defense company that last week disclosed accounting problems involving a U.S. Army contract.
Gordon Walsh joined DynCorp as CEO on July 21 following the departure last month of Steven Gaffney after four years in charge of the firm, which is owned by affiliates of Cerberus Capital Management LP.
Mr. Walsh was previously president of the logistics solutions business at L-3's aerospace systems unit, where the New York-based company last week said it had been alerted by an internal whistleblower to accounting errors and alleged misconduct linked to an Army aircraft maintenance deal worth $150 million a year."
https://www.wsj.com/articles/dyncorp-dismisses-ceo-gordon-walsh-1407518599
2014
"As for DynCorp, KBR and Fluor, all three American companies were named prime contractors in LOGCAP IV (Logistics Civil Augmentation Program), the umbrella contract through which all military funding for Afghan reconstruction (except Afghan security training) flows. According to the contract announcement in 2009, "each of the three contracts has a maximum value of up to $5 billion per year." Since then, however, KBR has not continued to receive Afghanistan contracts under the agreement, reportedly because of its checkered oversight and performance in prior LOGCAP contracts.
Meanwhile, DynCorp and Fluor currently hold multibillion-dollar contracts in and out of LOGCAP IV, ranging from Afghan security training to delivering food and services to the troops.
...
And the company's longtime security training of Afghan police was called into question after a scathing 2010 military report found a gross lack of oversight in the State Department-directed program, citing unaccounted-for funds, potential overcharging and missing weapons inventories.
While the report did not criticize DynCorp directly, Pratap Chatterjee, an investigator for the research group CorpWatch, noted at the time that DynCorp was the primary police trainer in Afghanistan since the early days of the war. In fact, DynCorp won another contract with the military after police training shifted from the State Department to the Pentagon."
http://www.foxnews.com/politics/2014/02/20/windfalls-war-contractors-with-spotty-records-made-billions-off-afghanistan.html
2017 Lee Busby spoiler to steal election from Roy Moore:
"I spent a year in Afghanistan 2010-2011 working as a private contractor, specifically as the Deputy Program Manager for DynCorp International on a $270 million contract with the U.S. government to train the Afghan Army."
https://electleebusby.com/
Nuff Said
agtG
