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October 02, 2011


The Koch Method

A Bloomberg investigation finds that Koch Industries -- a global empire run by billionaire brothers Charles and David Koch, prominent financial backers of conservative groups -- made "improper payments" to win business in other countries and "sold millions of dollars of petrochemical equipment to Iran, a country the U.S. identifies as a sponsor of global terrorism."

"Internal company documents show that the company made those sales through foreign subsidiaries, thwarting a U.S. trade ban. Koch Industries units have also rigged prices with competitors, lied to regulators and repeatedly run afoul of environmental regulations, resulting in five criminal convictions since 1999 in the U.S. and Canada."

One employee "who testified against the company said he and his colleagues were shown by their managers how to steal and cheat -- using techniques they called the Koch Method."














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