Sunday, October 14, 2012
Billionaire sued over captive exec
Energy billionaire William Koch allegedly held a senior exec of his Oxbow energy company captive after discovering his concerns with a plan the official claimed in a lawsuit sought to evade U.S. taxes on $200 million in profit according to Bloomberg.…....
Former Oxbow Senior VPt Kirby Martensen alleged an internal company probe revealed his misgivings over a plan by Oxbow Carbon & Minerals LLC to evade taxes. As a result, Martensen claimed, he was falsely imprisoned for almost two days by Koch’s agents and interrogated at a remote Colorado ranch as part of an effort to intimidate him. He was also fired, he said…....
Koch, who Forbes estimates is worth close to $4 billion, is the brother of conservative Tea Party funders David Koch and Charles Koch. Martensen, promoted last year to senior vice president of Oxbow, said he was lured to the billionaire’s Bear Ranch near Aspen in March on false pretenses and questioned about anonymous allegations of wrongdoing against him tied to a kickback scheme, and a related investigation by the firm…....................................................................................................................
Read all about it at http://www.bloomberg.com/news/2012-10-14/koch-sued-by-executive-claiming-captivity-intimidation.html
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