David B. Chalmers Jr

David Bay Chalmers Jr. (born 8 September 1953)[1] was an owner of the oil refining company, Bayoil U.S.A. Inc, which operates out of Houston, Texas and a subsidiary, Bayoil Supply and Trading Ltd. in the Bahamas. The company was heavily involved in oil trading throughout the 1990s and early 2000s with the Iraqi government. In the 2004 Oil-for-Food Program Hearings, Bayoil was among the corporations investigated by the committee,[2] and its executive David Chalmers was convicted of conspiracy to commit wire fraud.[3]

Chalmers' great-uncle, Charles Ulrick Bay (1888–1955),[4] founded Bay Petroleum[5] in 1937,[6] later become a high-ranking intelligence official in the Office of Strategic Services, and later an ambassador to Norway.[1] Chalmers' father, David Bay Chalmers Sr., became a well-known oil trader through the creation of Coral Petroleum (which filed for bankruptcy protection in 1983).[1] Ben R. Pollner, who went on to found Taurus Petroleum, was one of his employees.[7]

References

  1. ↑ 1.0 1.1 1.2 Low-Profile Texas Oilman Draws Spotlight for Iraqi Deals, Simon Romero, The New York Times, 15 April 2005 (retrieved 10 September 2010)
  2. ↑ Levin to Release Report on Bayoil Diversions
  3. ↑ Texas Oil Executive and Two Corporations Sentenced
  4. ↑ http://www.bayandpaulfoundations.org/about.html
  5. ↑ http://politicalgraveyard.com/bio/bay-bazzle.html
  6. ↑ Scott, Quinta, Along Route 66, University of Oklahoma Press, 2000, p. 207, ISBN 978-0-8061-3250-1 (retrieved 10 September 2010 from Google Books)
  7. ↑ Bloomberg: "The Rich Boys" July 17, 2005

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