Jonathan Bush
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| Jonathan Bush | |
| Born | May 6, 1931 |
|---|---|
| Residence | New Haven, Connecticut and North Haven, Maine |
| Education | Yale University |
| Occupation | Banker |
| Spouse | Josephine Bush |
| Children | Billy Bush and Jonathan S. Bush |
| Parents | Prescott Sheldon Bush and Dorothy Walker Bush |
Jonathan James Bush (born May 6, 1931), is an American banker and former Republican fundraiser.
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[edit] Education and family
Jonathan Bush graduated from Hotchkiss School and Yale University. He is the fourth child of Prescott Sheldon Bush and Dorothy Walker Bush. Brother of Prescott "Pressy" Bush, Jr. (1922), George H. W. Bush (1924), Nancy Bush (1926), and William "Bucky" Bush (1938). He is an uncle to current U.S. president George W. Bush.
Bush is the father of NBC entertainment reporter Billy Bush and healthcare executive Jonathan S. Bush, and resides in New Haven, Connecticut and North Haven, Maine, with his wife Josephine Bush.
[edit] Career
Jonathan Bush founded J. Bush & Co. which provided discreet banking services for the Washington D.C. embassies of foreign governments for many years. In 1997, Riggs Bank bought J. Bush & Co. and made Bush CEO & President of Riggs Investment, a firm based in New Haven, Connecticut.
In the early 1980s, Jonathan Bush helped organize investors for George W. Bush's first oil venture, Arbusto, later called Bush Explorations.
During the 2000 presidential campaign, Bush was a major contributor and fundraiser to his nephew's election and was named a "Bush Pioneer" for raising more than $100,000 for the campaign. [1]
[edit] Controversy
On May 15, 2004, The Washington Post published an item about Jonathan Bush which states: "A political Web site written by a Democratic operative drew attention yesterday to the fact that President Bush's uncle, Jonathan J. Bush, is a top executive at Riggs Bank, which this week agreed to pay a record $25 million in civil fines for violations of law intended to thwart money laundering."[2]
The bank accounts under investigation may have been Saudi, though the article does not state that. It does, however, go on to say: "...a source familiar with the multiple federal investigations of the bank's Saudi accounts and other embassy accounts say Jonathan Bush's investment advice unit has "no relationship whatsoever" with any of the Riggs's Saudi accounts." Moreover, the newspaper quotes a spokesman for the Office of the Comptroller of the Currency as saying "any suggestion of political influence in the Riggs situation is 'preposterous.'"
In 1991, Bush was fined $30,000 in Massachusetts and several thousand in Connecticut for violating registration laws governing securities sales. He was barred from securities brokerage with the general public in Massachusetts for one year.[3]
[edit] References
- ^ The page you requested has moved
- ^ Web Site Cites Bush-Riggs Link (washingtonpost.com)
- ^ "Mass. Regulators Fine Stockbrokerage Owned by President Bush's Brother", Associated Press, 1991-07-26.
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