David Bay Chalmers Jr. (born 8 September 1953) 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, and its executive David Chalmers was convicted of conspiracy to commit wire fraud. Chalmers was sentenced to two years in prison.
Chalmers' great-uncle, Charles Ulrick Bay (1888–1955), founded Bay Petroleum in 1937, later become a high-ranking intelligence official in the Office of Strategic Services, and later an ambassador to Norway. 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). Ben R. Pollner, who went on to found Taurus Petroleum, was one of his employees.
References
- ^ Low-Profile Texas Oilman Draws Spotlight for Iraqi Deals, Simon Romero, The New York Times, 15 April 2005 (retrieved 10 September 2010)
- Levin to Release Report on Bayoil Diversions Archived 1 December 2008 at the Wayback Machine
- Texas Oil Executive and Two Corporations Sentenced Archived 5 October 2012 at the Wayback Machine
- "Houston Oil-for-Food trader gets 2 years". Chron. 8 March 2008.
- "The Bay and Paul Foundations". bayandpaulfoundations.org. Archived from the original on 26 August 2010. Retrieved 10 September 2010.
- "The Political Graveyard: Index to Politicians: Baxter-rebal to Bea".
- 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)
- Bloomberg: "The Rich Boys" 17 July 2005
External links
- Picture, David J. Phillip, Associated Press
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