Friday, May 09, 2003

Perle Advising How to Make Money Off War

LA TIMES - Last February, the Defense Policy Board, a group of outside advisors to the Pentagon, received a classified presentation from the super-secret Defense Intelligence Agency on the crises in North Korea and Iraq. Three weeks later, the then-chairman of the board, Richard N. Perle, offered a briefing of his own at an investment seminar on ways to profit from possible conflicts with both countries. Perle and his fellow advisors also heard a classified address about high-tech military communications systems at the same closed-door session in February. He runs a venture capital firm that has been exploring investments in that very area.

The disclosures in recently released board agendas and investment documents are the latest illustrations of how Perle's private consulting and investment interests overlap with his role on the board, which advises the secretary of Defense. Perle resigned as board chairman on March 27 after published reports that he had been employed as a consultant by bankrupt telecommunications firm Global Crossing Ltd., which was trying to get Pentagon clearance to be sold to Asian investors. The reports also had him soliciting investment money from a Saudi who was seeking to influence U.S. policy on Iraq. >>Full story...

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